Optimism Among Canadian Small Business, Manufacturers Too

By September 2, 2009Economy

From the Ottawa Business Journal, “SME optimism at highest level in two years: CFIB”

Business confidence among small and medium-sized Canadian enterprises climbed to the highest level in two years in August, as the manufacturing, construction and wholesaling sectors reported stronger optimism during the month, according to the Canadian Federation of Independent Business.

The federation’s business barometer index grew to 65.4 in August, following mediocre results in June and July.

While Saskatchewan again had the highest optimism, with an index reading of 68.6, the report noted that Central Canada also helped boost the overall number due to a rebound in business confidence. Ontario’s index jumped to 66.3, while Quebec had a reading of 64, the survey showed.

“These results demonstrate an overall improvement across industries and regions, suggesting the economy is finally making its first tentative steps toward recovery,” said CFIB chief economist Ted Mallett in a statement.

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