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Canada’s CFIB Business Barometer long-term index, which tracks 12-month forward expectations for business performance, slipped slightly to 59.5 in January 2026, just below December’s three-year high of 59.9. The reading suggests that many small businesses remain cautiously optimistic about the year ahead. Confidence strengthened in Manitoba, New Brunswick, Quebec, and Nova Scotia, with all four provinces posting index levels at or above 60. Meanwhile, the short-term optimism index, reflecting a three-month outlook, rose 4.2 points to 52.4, signaling a modest improvement. However, short-term confidence remains relatively subdued across all provinces, ranging from the mid-40s to mid-50s, highlighting ongoing economic uncertainty at the start of 2026.