Small business confidence increases in B.C., decreases nation-wide in November

Small and medium-sized businesses in British Columbia grew more optimistic in November, according to Canadian Federation of Independent Business (CFIB) data released this morning.

Small and medium-sized businesses in British Columbia grew more optimistic in November, according to Canadian Federation of Independent Business (CFIB) data released this morning.

The Business Barometer index for B.C. was 67.1. This represents an increase of those who expect their businesses' performance to be stronger in the next year when compared with 64.7 in October and 59.0 in September.

Nationwide, however, confidence fell from 65.6 in October to 62.9.

"Much of the decline in the overall average can be explained by unusually low confidence in natural resources, manufacturing and business services," said Ted Mallett, CFIB's chief economist and vice-president.

Mallett noted that although the index fell in November, the levels observed are still above those from the previous quarter (June through September), which he said suggests Canada's economy continues to grow at a "modest pace."

The most optimistic provinces, aside from B.C., are Alberta (68.3) and Saskatchewan (66.4).

The least optimistic province is Prince Edward Island, with an index level of 52.1.

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

More from Retail & Manufacturing

BIV on Global BC February 16, 2017: Canada Goose goes public; First ...

Tyler Orton discusses Canada Goose going public. plus: Pacific NorthWest LNG project finds support in First Nations

Read Article

B.C.’s used-goods industry tops $1 billion

Affordability, demographics changing consumer behaviour: report

Read Article

B.C.’s food processing industry helps fuel economic growth

Small and micro-sized businesses make up 90% of the sector in the province

Read Article

New Arc’teryx GM takes path less travelled

Profile: Jon Hoerauf, general manager and president, Arc'teryx

Read Article

New Zealand, E.U. protest B.C. wine in grocery stores

The regions join the U.S., which is taking action at the World Trade Organization

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×