Business Barometer: confidence holds steady in February
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.”