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

Also Read

More From Retail & Manufacturing

Direct shipping sparks spike in suburban industrial demand, drop in storefront trade as smaller retailers struggle to keep up

Read Article

BCVQA grape-wine sales growth overtakes sales growth by non-BCVQA wines

Read Article

In a business partnership, decide who is doing what

Read Article

All acquired stores will continue to operate under...

Read Article

Businesses already located in the area hope the city will commit to limiting the amount of residential to preserve Vancouver's scarce industrial land 

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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