Confidence in Canadian SMEs rebounds from a low point, suggesting the worst may be over.
Jin10 reported on July 17 that the confidence index of the Canadian Federation of Independent Businesses rose to 50.9 in July. The index had fallen to a historic low of 25.5 in March due to increased uncertainty related to tariffs, but it has now shown a significant rebound, indicating that most business owners expect sales to rise over the next 12 months. Overall, the report suggests that small businesses believe the worst period related to tariff-induced uncertainty may be behind them.