TORONTO, Jan. 31, 2013 /CNW/ - Canadian entrepreneurs started the new
year with a healthy boost of optimism, according to the Canadian
Federation of Independent Business (CFIB). The Business Barometer®
index jumped three points to 65.7 in January.
"After a lacklustre November and December, small business owners across
Canada are starting to feel more optimistic about the future" said Ted
Mallett, CFIB's chief economist and vice-president. "While it's too
soon to make any conclusions about 2013, the latest survey results are
Small business owners in Alberta (70.5) are once again the most
optimistic the country, although Newfoundland and Labrador (69.3) and
Saskatchewan (66.7) are close behind. Ontario (65.0), Nova Scotia
(64.2), Manitoba (63.5), Quebec (62.7), New Brunswick (61.7), and
Prince Edward Island (58.3) all experienced increased small business
confidence. Only British Columbia (61.6) firms saw a decline in
"Optimism is generally well-balanced across Canada," added Mallett.
"Overall, there's a lot of optimism in white-collar industries such as
professional services, finance and the information sector, but
manufacturing, retail and construction are not far behind."
Full-time hiring plans have jumped to a post-recession high, with 27 per
cent of businesses expecting to hire additional staff in the next few
months. Similarly, 44 per cent of business owners described their state
of business to be in "good" shape - the best score of in the past four
Measured on a scale of 0 and 100, an index level above 50 means owners
expecting their businesses' performance to be stronger in the next year
outnumber those expecting weaker performance. According to past
results, index levels normally range between 65 and 70 when the economy
is growing at its potential. The January 2013 findings are based on
1,005 responses, collected from a stratified random sample of CFIB
members, to a controlled-access web survey. Findings are statistically
accurate to +/- 3.1 per cent 19 times in 20.
Note: CFIB is speeding up the release schedule for the Business
Barometer. From this month onward, unless affected by holidays, results
will be released on the last Thursday of the reference month.
As Canada's largest association of small- and medium-sized businesses,
CFIB is Powered by Entrepreneurs™. Established in 1971, CFIB takes
direction from more than 109,000 members in every sector nationwide,
giving independent business a strong and influential voice at all
levels of government and helping to grow the economy.
SOURCE: CANADIAN FEDERATION OF INDEPENDENT BUSINESS
For further information:
For more information or to arrange an interview with Ted Mallett, contact Gisele Lumsden at 416 222-8022 or email firstname.lastname@example.org