Business Optimism Grows Stronger


    Optimism among Canada’s small- and medium-size businesses grew stronger last month, says the Canadian Federation of Independent Business (CFIB). Its ‘Business Barometer’ index increased 3.6 points from 62 in September to 65.6, its highest point since April. “October’s gains are the biggest one-month improvement in business confidence we’ve seen in two years,” says Ted Mallett, CFIB’s chief economist and vice-president. “Our survey results suggest the economy is shaking off some of the sluggishness we’ve seen since the spring.” 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.