Small Business Optimism Grows
Prince George, B.C.- The Canadian Federation of Independent Business says BC leads the nation when it comes to small business optimism.
The Business Barometer measures optimism on a scale of 0 to 100. An index level above 50 means owners expecting their businesses’ performance to be stronger in the next year outnumber those expecting weaker performance.
“British Columbia’s small business optimism turned upward again in May—highest in the country and equal to its post-recession record high of 74.1 last seen in May 2011,” says CFIB policy analyst Kimball Kastelen. “Hiring plans also surged upward, with 30 per cent of owners now planning to add full-timers—and only 3 per cent are expecting to shed staff in the next few months.”
Business owners in the natural resources, information and retail and business services were the most optimistic.
Here’s how the business barometer registered in other provinces:
- Ontario (64.9)
- Newfoundland and Labrador (65.1)
- Saskatchewan (69.9)
- Prince Edward Island (59.4),
- New Brunswick (58.8),
- Quebec (60.6),
- Manitoba (66.3)
- Alberta (72.8)
- Nova Scotia’s (57.0.
The CFIB says businesses feeling less optimistic were in the hospitality, wholesale, agriculture and manufacturing sectors.
Comments
Great news! Do any of the O250 pundits have suggestions as to what this confidence among the business class can be attributed?
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