Alberta business bucks national pessimism

Alberta business owners swam against a national wave of pessimism last month, according to a survey conducted by the Canadian Federation of Independent Business.

Alberta business owners swam against a national wave of pessimism last month, according to a survey conducted by the Canadian Federation of Independent Business.

The CFIB, which represents 109,000 small business owners across Canada, calculated Alberta’s confidence index in June at 68.6 out of 100. That was down just 0.2 percentage points from the previous survey in May. In April, the provincial figure was 65.3.

Canada-wide, the average business confidence rating fell to 59.4, down from 62.1 in May.

That marked the fourth consecutive monthly decline, and pushed the national index to its lowest level since July 2009.

“The good news is the confidence level among entrepreneurs in our province is holding steady,” said Richard Truscott, the CFIB’s Alberta director. “The bad news, obviously, is the large drop in the national confidence numbers that appears to be driven by weakening domestic demand.”

Alberta continues to have the most optimistic small business owners in the country, with Saskatchewan next at 67.3, followed by Newfoundland and Labrador at 66.3, British Columbia at 65.6, New Brunswick at 59.2, Ontario at 56.8, Quebec at 55.3, Nova Scotia at 53.6 and Prince Edward Island at 53.3.

“We’ll have to wait for next month’s results to see the impact the floods in Southern Alberta will have on the optimism of our province’s business owners,” said Truscott.

The CFIB said a confidence index between 65 and 75 means the economy is growing at its potential.

Just Posted

Rimbey RCMP searching for suspects in break and enter spree

Rimbey RCMP are looking for a pair of culprits behind five break… Continue reading

Stolen vehicle and gun seized in Blackfalds

Blackfalds man to appear in court

Blood moon over Red Deer

Moon captures attention

China grants Ivanka Trump 5 trademarks amid trade talks

SHANGHAI — The Chinese government has granted Ivanka Trump’s company preliminary approval… Continue reading

Few signs of breakthrough as May set to unveil Brexit Plan B

LONDON — Prime Minister Theresa May was set to unveil her new… Continue reading

2-for-1: Total lunar eclipse comes with supermoon bonus

On Sunday night, the moon, Earth and sun lined up to create the eclipse, which was visible throughout North and South America

Olympian Adam van Koeverden wins federal Liberal nomination in Ontario riding

MILTON, Ont. — Former Olympic flag-bearer Adam van Koeverden will be carrying… Continue reading

World champion Osmond says it’s “really nice” not to know what future holds

SAINT JOHN, N.B. — Kaetlyn Osmond has a world title, Olympic medals… Continue reading

World economy forecast to slow in 2019 amid trade tensions

For Canada, the IMF’s estimate for growth in 2019 was 1.9 per cent, down from expected global growth of 3.5 per cent

Timberlake pops in on patients at Texas children’s hospital

DALLAS — Justin Timberlake has pulled some sunshine from his pocket for… Continue reading

UK police speak to Prince Philip about not wearing seatbelt

LONDON — British police have spoken with Prince Philip after the husband… Continue reading

‘Gotti’ leads Razzie nominations, Trump up for worst actor

The nominations were announced on Monday, Jan. 21 with some movies earning up to six nominations

Curtain rising Sunday night on total lunar eclipse

CAPE CANAVERAL, Fla. — The celestial curtain will be rising soon on… Continue reading

At 30-day mark, shutdown logjam remains over border funding

WASHINGTON — Thirty days into the partial government shutdown, Democrats and Republicans… Continue reading

Most Read