Almost 70% of Alberta business owners expect higher revenues in 2018, survey says
Source: CBC News
Alberta businesses plan to hire more people and invest in their operations this year, according to a survey by the Business Development Bank of Canada that showed optimism about the economy is on the upswing in the province.
According to the survey, investments by small- and medium-sized businesses in Alberta should rise by 12 per cent this year — the second-highest increase in the country next to B.C. at 17 per cent.
The cross-Canada survey conducted by BDC found Alberta-based operations are bullish on the economy and looking to grow.
“The main reason is they are a bit more confident about the economy, 2017 has been a good year in Alberta, the year of the recovery, and as a result, people are a bit more confident,” said Pierre Cléroux, BDC’s chief economist.
“They believe that their sales are going to increase in 2018, they plan to hire more people and they plan to invest in their business.”