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

Tyler Orton on Fiat Chrysler's 500,000 buy-backs

Read Article

Profile: McArthurGlen Designer Outlet Vancouver Airport mall general manager

Read Article

Combination of e-commerce, wholesaling, franchising, corporate store sales a growing trend

Read Article

The cost of housing may be increasing steadily in British Columbia, but that isn’t stopping consumers from...

Read Article

The closures will range across several store types, including drug and food stores  

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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