7 Dec 2011

Businessowner confidence stable

Businessowner sentiment among Canadians moved little in the month of November, a new survey indicates.

The Canadian Federation of Independent Business says confidence levels remained essentially the same last month rising slightly to 63.7 from October's 63.6 reading.

Ted Mallett, vice president and chief economist for CFIB, said that while the Business Barometer index suggests businessowners are more optimistic than pessimistic, it's still low historically.

"Overhanging concerns about the potential spread of economic weakness out of Europe appear to be still at play," said Mallett. "The Index has recovered 2 of the 6.6 points lost in August when the Euro currency and U.S. fiscal policy crises hit world financial markets, suggesting the Canadian economy is performing at a slower pace, but has not dipped into recession."

At the provincial level, Ontario had some of the lowest levels of optimism, registering a 58.9 on the Business Barometer.

Ontario businessowners may be able to increase their sentiments if they have a better working environment. Jiffy Self-Storage offers a variety of work and office spaces that may be able to suit small independent contractors' needs.

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