Canadian Small Business Confidence Slumps on Fuel Cost Worries -- Market Talk

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Canadian Small Business Confidence Slumps on Fuel Cost Worries -- Market Talk

Dow Jones03-19 20:50

0850 ET - Confidence among small businesses in Canada has taken a hit, as worries about higher fuel costs and supply chains build. The Canadian Federation of Independent Business's monthly barometer shows a sharp 9.5 points drop in the March longterm business confidence index to 55.8 points, following gradual improvement over much of the past year. Short-term optimism also deteriorated significantly. The share of business worried about fuel costs jumps to 50% this month from 36% in February. As well, CFIB says 57% of small businesses report challenges with insufficient demand, up from 50%. Still, staffing plans are steady, with 17% of firms looking to hire and 12% planning to lay off staff, a third straight month of positive net staffing intentions. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 08:50 ET (12:50 GMT)

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