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

Amazon offers free same-day delivery in Vancouver

Offer only valid for people who buy Prime memberships for $80 per year

Read Article

BIV on Global BC September 26, 2016: Aritzia IPO; Airbnb in Toronto

Hayley Woodin discusses Aritzia boosting its IPO size due to demand. Plus: A new report shows Airbnb's impact in Toronto

Read Article

Tsawwassen Mills tackles major recruitment crunch

Mega-mall to operate employee shuttle while retailers pay wages higher than minimum wage

Read Article

Avcorp lands Boeing contract (Updated)

Delta aerospace company to manufacture components for Boeing passenger jets

Read Article

BIV on Global BC September 22, 2016: Kit & Ace layoffs; City's ...

Hayley Woodin discusses layoffs at Vancouver-based Kit & Ace. Plus: The City of Vancouver announces a living wage policy

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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