SMEs Less Optimistic

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    Canada’s small and mid-sized businesses (SMEs) were less optimistic in April than the month before, says the Canadian Federation of Independent Business (CFIB). A 1.3 point drop in its ‘Business Barometer Index’ to 66.4 gave back most of the gains seen earlier. The reading remains the second best reading for the year and is the first decline the index registered since August last year. “For the most part, overall survey findings still point to stable business conditions and a modestly growing economy,” says Ted Malett, chief economist and vice-president for CFIB. “The outlook for business owners both by sector and by region shows very little relative change in April, which is also another sign of general stability.”