B.C. Business Confidence Shrinks in August
Prince George, B.c. – As stock markets shudder and oil prices slip, business confidence in B.C. fell last month.
According to the Canadian Federation of Independent Business, its monthly Business Barometer index dropped in B.C. from 67.5 in July to 64.1 in August.
The CFIB says an index above 50 means there are more small business owners expecting their business’ performance to be stronger in the next year than those who expect a weaker performance. An index between 65 and 75 means the economy is “growing at its potential.
Even with the decline, B.C. is still well above the national index which is 56.7, but is now behind both PEI and Nova Scotia when it comes to business optimism.