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

Invermere’s Kicking Horse Coffee bought by Italy’s Lavazza

Lavazza’s investment is worth $172 million

Read Article

Metro health-food company flexes retail muscle

The Juicery Co. is building a multi-chain business on cold-pressed juice trend

Read Article

Wize Monkey turns over a new leaf

The Vancouver-based tea company taps into fast-growing niche market with coffee-leaf-based teas

Read Article

Contract brewery taps craft brew market

New company services brands with expansion ambitions

Read Article

Fluevog to open downtown Victoria store

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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