Canada Business Confidence Growth
2001 - 2025 | Monthly | % Point | CEIC Data
Key information about Canada Business Confidence Growth
- Canada Business Confidence dropped by 7.8 % in Nov 2025, compared with an increase of 0.8 % YoY in the previous month.
- Canada Business Confidence: YoY Change is updated monthly, available from Dec 2001 to Nov 2025, with an averaged rate of 12.4 %.
- The data reached an all-high of 73.0 % in Apr 2021 and a record low of -66.2 % in Apr 2020.
CEIC calculates Business Confidence Change from monthly Purchasing Manager Index. The Purchasing Management Association of Canada provides Purchasing Manager Index with range from 0 to 100 with neutral point 50.
View Canada's Business Confidence Growth from Dec 2001 to Nov 2025 in the chart:
What was Canada's Business Confidence Growth in Nov 2025?
Canada Business Confidence dropped by 7.8 % in Nov 2025, compared with an increase of 0.8 % YoY in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -7.8 Nov 2025 | 0.8 Oct 2025 | -66.2 Apr 2020 | 73.0 Apr 2021 | % Point | monthly | Dec 2001 - Nov 2025 |
Business Confidence Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% Point) | 1.2 Sep 2025 | quarterly | Jun 2017 - Sep 2025 |
| Armenia (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
| Australia (% Point) | 1.0 Oct 2025 | monthly | Jul 2013 - Oct 2025 |
| Austria (% Point) | 8.0 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Belarus (% Point) | -9.6 Aug 2014 | monthly | Dec 2006 - Aug 2014 |
| Belgium (% Point) | 6.8 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| Brazil (% Point) | -9.2 Nov 2025 | monthly | Jan 2010 - Nov 2025 |
| Bulgaria (% Point) | -3.5 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Canada (% Point) | -7.8 Nov 2025 | monthly | Dec 2001 - Nov 2025 |
| Chile (% Point) | -3.6 Oct 2025 | monthly | Nov 2004 - Oct 2025 |
| China (% Point) | -2.2 Nov 2025 | monthly | Jan 2006 - Nov 2025 |
| Colombia (% Point) | 5.3 Oct 2025 | monthly | Jan 1981 - Oct 2025 |
| Croatia (% Point) | 5.6 Nov 2025 | monthly | May 2009 - Nov 2025 |
| Cyprus (% Point) | -18.5 Nov 2025 | monthly | May 2003 - Nov 2025 |
| Czech Republic (% Point) | 2.0 Nov 2025 | monthly | Mar 1994 - Nov 2025 |
| Denmark (% Point) | -20.3 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Ecuador (% Point) | 9.4 Oct 2025 | monthly | Feb 2011 - Oct 2025 |
| Estonia (% Point) | 1.4 Nov 2025 | monthly | May 2002 - Nov 2025 |
| European Union (% Point) | 0.9 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Finland (% Point) | 1.1 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| France (% Point) | 1.3 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Georgia (% Point) | 30.9 Dec 2025 | quarterly | Dec 2014 - Dec 2025 |
| Germany (% Point) | 8.0 Nov 2025 | monthly | Jan 1992 - Nov 2025 |
| Ghana (%) | 14.8 Oct 2025 | monthly | Dec 2013 - Oct 2025 |
| Greece (% Point) | -3.1 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Hong Kong SAR, China (% Point) | 1.0 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| Hungary (% Point) | 1.8 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Iceland (% Point) | -30.5 Sep 2025 | quarterly | Dec 2003 - Sep 2025 |
| India (% Point) | 6.0 Dec 2025 | quarterly | Jun 2001 - Dec 2025 |
| Indonesia (% Point) | -0.4 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| Israel (% Point) | 5.1 Nov 2025 | monthly | Jan 2016 - Nov 2025 |
| Italy (% Point) | 3.6 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Japan (% Point) | -1.0 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Kazakhstan (% Point) | 1.0 Dec 2024 | quarterly | Mar 2009 - Dec 2024 |
| South Korea (% Point) | 5.0 Dec 2025 | monthly | Feb 2004 - Dec 2025 |
| Latvia (% Point) | 2.1 Nov 2025 | monthly | Apr 1994 - Nov 2025 |
| Lithuania (% Point) | -2.3 Nov 2025 | monthly | Apr 2004 - Nov 2025 |
| Luxembourg (% Point) | -9.8 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| North Macedonia (% Point) | -2.9 Dec 2022 | monthly | Apr 2002 - Dec 2022 |
| Malaysia (% Point) | 25.2 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Malta (% Point) | -10.1 Nov 2025 | monthly | Nov 2003 - Nov 2025 |
| Mauritius (% Point) | -9.1 Jun 2019 | quarterly | Mar 2011 - Jun 2019 |
| Mexico (% Point) | -7.0 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Mozambique (% Point) | 8.9 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| Netherlands (% Point) | 2.4 Oct 2025 | monthly | Jan 1986 - Oct 2025 |
| New Zealand (% Point) | 10.2 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Nigeria (% Point) | 8.6 Nov 2025 | monthly | Jul 2015 - Nov 2025 |
| Norway (% Point) | 6.1 Nov 2025 | monthly | Feb 2005 - Nov 2025 |
| Palestinian Territory (% Point) | 3.9 Oct 2025 | monthly | Apr 2014 - Oct 2025 |
| Peru (% Point) | 15.2 Nov 2025 | monthly | Apr 2003 - Nov 2025 |
| Philippines (% Point) | -16.0 Sep 2025 | quarterly | Jun 2002 - Sep 2025 |
| Poland (% Point) | 3.8 Nov 2025 | monthly | Jul 2006 - Nov 2025 |
| Portugal (% Point) | 4.5 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Qatar (% Point) | -3.6 Mar 2020 | quarterly | Jun 2015 - Mar 2020 |
| Romania (% Point) | -1.7 Nov 2025 | monthly | Jul 1992 - Nov 2025 |
| Russia (% Point) | -5.0 Nov 2025 | monthly | Jan 2006 - Nov 2025 |
| Serbia (% Point) | -0.2 Nov 2025 | monthly | May 2014 - Nov 2025 |
| Singapore (% Point) | -1.6 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Slovakia (% Point) | -7.0 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Slovenia (% Point) | 3.2 Nov 2025 | monthly | May 1996 - Nov 2025 |
| South Africa (% Point) | -11.6 Nov 2025 | monthly | Sep 2000 - Nov 2025 |
| Spain (% Point) | 2.0 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Sri Lanka (% Point) | 5.8 Oct 2025 | monthly | May 2016 - Oct 2025 |
| Sweden (% Point) | 4.2 Oct 2025 | monthly | Nov 1995 - Oct 2025 |
| Switzerland (% Point) | -2.0 Oct 2025 | monthly | Jan 1996 - Oct 2025 |
| Taiwan (% Point) | -3.2 Mar 2018 | monthly | May 2013 - Mar 2018 |
| Thailand (% Point) | 1.4 Nov 2025 | monthly | Feb 2000 - Nov 2025 |
| Turkey (% Point) | -0.2 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Ukraine (% Point) | 3.6 Sep 2025 | quarterly | Sep 2013 - Sep 2025 |
| United Kingdom (% Point) | 8.4 Dec 2020 | monthly | Jan 1986 - Dec 2020 |
| United States (% Point) | 3.6 Oct 2025 | monthly | Jan 1949 - Oct 2025 |
| Uruguay (% Point) | -6.8 Oct 2025 | monthly | Oct 1999 - Oct 2025 |
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Learn more about what we doCanada Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.3 Sep 2025 | quarterly | Jun 1993 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | -3,630.909 Sep 2025 | monthly | May 1992 - Sep 2025 |
| Tax Revenue (USD mn) | 22,368.802 Sep 2025 | monthly | Jan 1996 - Sep 2025 |
| Tax Revenue: % of GDP (%) | 11.5 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| National Government Debt (USD mn) | 1,517,724.5 2025 | yearly | 1962 - 2025 |
| Government Debt: % of GDP (%) | 69.3 2025 | yearly | 1962 - 2025 |
| Forecast: Government Expenditure (CAD bn) | 1,673.411 2030 | yearly | 1980 - 2030 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,616.767 2030 | yearly | 1980 - 2030 |
| Federal Government Debt: % of GDP: Accumulated Deficit (%) | 40.700 2025 | yearly | 1967 - 2025 |
| Net Financing Activities (CAD mn) | -32,035.000 Sep 2025 | monthly | Jan 1996 - Sep 2025 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 30,945.000 Sep 2025 | monthly | Jan 1996 - Sep 2025 |
| Budgetary Revenue (CAD mn) | 37,051.000 Sep 2025 | monthly | May 1992 - Sep 2025 |
| Budgetary Expense (CAD mn) | -42,074.000 Sep 2025 | monthly | May 1992 - Sep 2025 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,125.000 Sep 2025 | monthly | Jan 1996 - Sep 2025 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -5,023.000 Sep 2025 | monthly | May 1992 - Sep 2025 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 612,800.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Expense (CAD mn) | 643,700.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Balance (CAD mn) | -23,000.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 84,700.000 2030 | yearly | 2000 - 2030 |
| FIN Forecast: Federal Debt (CAD mn) | 1,435,700.000 2030 | yearly | 1997 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.017 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | -4,583.7 Aug 2025 | monthly | Jan 1988 - Aug 2025 |
| Total Exports (USD mn) | 43,911.2 Aug 2025 | monthly | Jan 1988 - Aug 2025 |
| Total Exports Growth (%) | -5.5 Aug 2025 | monthly | Jan 1989 - Aug 2025 |
| Aluminum: Exports (USD th) | 9,833,093.660 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 10,025,178.456 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,380,122.786 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 48,494.9 Aug 2025 | monthly | Jan 1988 - Aug 2025 |
| Total Imports Growth (%) | 1.7 Aug 2025 | monthly | Jan 1989 - Aug 2025 |
| Imports: Medicament (USD th) | 11,743,159.395 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 8,108,735.311 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 32,023.193 Aug 2025 | monthly | Jan 1988 - Aug 2025 |
| Total Imports from USA (USD mn) | 27,361.238 Aug 2025 | monthly | Jan 1997 - Aug 2025 |
| Total Exports to China (USD mn) | 1,885.917 Aug 2025 | monthly | Jan 1997 - Aug 2025 |
| Total Imports from China (USD mn) | 3,949.772 Aug 2025 | monthly | Jan 1997 - Aug 2025 |
| Coal Exports (kton) | 2,125.000 Nov 2024 | monthly | Jan 1977 - Nov 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,394.499 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 4,954.608 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 844,825.938 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Import Value Index (2015=100) | 117.179 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 123.790 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.7 Jun 2025 | quarterly | Mar 2005 - Jun 2025 |
| Household Debt: % of GDP (%) | 97.7 Sep 2025 | quarterly | Mar 1969 - Sep 2025 |
| Money Supply M1 (USD mn) | 1,232,408.272 Sep 2025 | monthly | Mar 1975 - Sep 2025 |
| Money Supply M2 (USD mn) | 1,966,080.994 Sep 2025 | monthly | Jan 1968 - Sep 2025 |
| M2 Growth (%) | 5.2 Sep 2025 | monthly | Jan 1969 - Sep 2025 |
| Foreign Exchange Reserves (USD mn) | 98,608.0 Nov 2025 | monthly | Jun 1999 - Nov 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.225 Sep 2025 | quarterly | Jun 1999 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Aug 2025 | monthly | Jun 1999 - Aug 2025 |
| Gold Reserves (USD mn) | 0.000 Nov 2025 | monthly | Dec 1956 - Nov 2025 |
| Total Deposits (USD mn) | 4,696,129.744 Sep 2025 | monthly | Jan 2009 - Sep 2025 |
| Total Deposits Growth (%) | 6.6 Sep 2025 | monthly | Jan 2010 - Sep 2025 |
| Domestic Credit (USD mn) | 4,851,790.8 Sep 2025 | monthly | Jan 1969 - Sep 2025 |
| Domestic Credit Growth (%) | 4.7 Sep 2025 | monthly | Jan 1970 - Sep 2025 |
| Debt Service Ratio: Households (%) | 13.900 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 25.000 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Credit to Households (USD bn) | 2,292.362 Jun 2025 | quarterly | Mar 1969 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 4,965.201 Jun 2025 | quarterly | Mar 1954 - Jun 2025 |
| Household Debt (USD mn) | 2,254,479.1 Sep 2025 | monthly | Jan 1969 - Sep 2025 |
| Total Loans (USD mn) | 3,281,451.138 Sep 2025 | monthly | Jan 1969 - Sep 2025 |
| Total Loans Growth (%) | 4.19 Sep 2025 | monthly | Jan 1970 - Sep 2025 |
| Private Debt: % of Nominal GDP (%) | 210.25 Sep 2025 | quarterly | Mar 1969 - Sep 2025 |
| Official International Reserves: Gold (USD mn) | 0.000 Nov 2025 | monthly | Dec 1994 - Nov 2025 |
| Official International Reserves (USD mn) | 127,795.000 Nov 2025 | monthly | Dec 1994 - Nov 2025 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,610,911.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,648,681.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,623,406.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,817,749.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,638,116.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,800,470.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -7.8 Nov 2025 | monthly | Dec 2001 - Nov 2025 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 48.400 Nov 2025 | monthly | Dec 2000 - Nov 2025 |
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