Business optimism in Halifax has taken a downturn, according to a new report from the Halifax Chamber of Commerce. The quarterly business survey reveals that expectations for sales, hiring, and capital investment have all declined compared to the previous quarter.
Survey details and key findings
The report, released on June 23, 2026, is based on responses from Chamber members across various sectors. Don Bureaux, CEO and president of the Halifax Chamber of Commerce, noted that the dip reflects broader economic uncertainties. “While Halifax has shown resilience, businesses are feeling the pinch from rising costs and labour shortages,” Bureaux said.
Key metrics in the survey showed a drop in the optimism index from 62.4 in the first quarter to 58.1 in the second quarter. The index measures business confidence on a scale where 50 is neutral. The decline was most pronounced in the retail and hospitality sectors.
Impact on hiring and investment
The survey also indicated that fewer businesses plan to increase their workforce in the coming months. Only 28% of respondents said they expect to hire, down from 34% in the previous quarter. Similarly, plans for capital investment fell, with 22% of businesses planning to invest in equipment or expansion, compared to 27% earlier.
Bureaux emphasized that the Chamber is working with government to address these challenges. “We need policies that support small businesses, reduce red tape, and help with workforce development,” he said.
