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Business confidence holds steady in February

Business confidence holds steady in February

Business Barometer: confidence holds steady in February

Source: CFIB

February 22, 2018 – Small business confidence moved sideways in February, with CFIB’s Business Barometer Index registering 62.4, virtually the same as January’s 62.7.

The monthly index—based on a national survey which asks business owners how they expect their business to perform moving forward—is still slightly underperforming compared to the spring of 2017 and 2010-14 norms.

“While there was continued healthy optimism and improvement in much of the country, weak sentiment in Ontario and Alberta is continuing to put a drag on the national average,” said Ted Mallett, CFIB vice-president and chief economist. “We’re also seeing weaker than normal employment plans for this time of year, while businesses expecting to cut their full time positions remains high.”

Read the full article here.

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