TORONTO — The Canadian Federation of Independent Business says small business confidence dropped to an all-time low in March as the trade war with the U.S. ramped up, with the outlook further darkened by new Chinese tariffs.
The federation says its business barometer long-term index fell 24.8 index points to 25.0 in March, worse than the lows it reached during the COVID-19 pandemic in 2020, the 2008 financial crisis or the 9/11 terror attacks.
Measured on a scale between zero and 100, an index reading below 50 means more owners are expecting their business’s performance to be weaker over the next three or 12 months than those
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