SME Business Investment and Financing Outlook Survey, Wave 30
Sales or revenue optimism among Canadian SMEs rose to 44% in July 2026.
Bank · CA · 10 documents · Website
Sales or revenue optimism among Canadian SMEs rose to 44% in July 2026.
A total of 83% of SMEs plan to invest about the same amount or more in the next 12 months.
Over 53% of SMEs believe economic conditions will deteriorate over the next 12 months.
54% of SMEs expect economic conditions to deteriorate over the next 12 months.
The proportion of SMEs that have used or will use significant resources for growth projects reached 38%, up by 11pts.
Among Canadian SMEs, 60% reported being profitable over the last 12 months, while 81% operated below full capacity.
Overall, 61% of SMEs reported being profitable over the last 12 months.
Economic pessimism among Canadian SMEs eased slightly, with 45% expecting economic conditions to deteriorate over the next 12 months.
Banks and credit unions remained the main lenders for 63% of SMEs, while 27% applied to government programs and 16% to Crown corporations.
The loan approval rate stood at 68% in December 2020 (with 42% fully authorized and 26% partially authorized), down from 77% in October 2020 as requests under review rose to 23%.