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CFIB

Business optimism sags, despite positive conditions

The Canadian Federation of Independent Business (CFIB) Barometer® Index dropped another three points in July to 58.5, according to a news release Thursday. The Index shows levels close to those seen in mid-2014. Full-time hiring intentions are muted, with 15 per cent of owners planning to add staff versus 10 per cent expecting to reduce staffing. The share of business owners saying their firms are in good shape has decreased also in July and now currently only represent 31 per cent of firms responding. 
 

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Nova Scotia’s Business Barometer index decreased slightly—but at 63.7, it is the highest in the country, according to a news release from the Canadian Federation of Independent Business. Full time hiring intentions, while lower than in the previous months, are still positive with 18 per cent planning to add staff versus 7 per cent expecting to cut back on personnel. Also on the positive side, a healthy 49 per cent of business owners say their businesses are in good shape.

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Nova Scotia’s Business Barometer® Index remained stable in May, according to a news release Thursday from the Canadian Federation of Independent Business.

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