Business confidence up in August

Alberta business owners regained some of their swagger in August, according to the latest survey conducted by the Canadian Federation of Independent Business.

Alberta business owners regained some of their swagger in August, according to the latest survey conducted by the Canadian Federation of Independent Business.

The CFIB calculated that the level of confidence that operators of small and medium-sized businesses had in the economy and their business last month was 71.7 on a 100-point scale. That marked a 2.3-point improvement from the results of a similar survey in July.

“After July’s three-point decline, it’s encouraging to see the Alberta index break back through that 70-point threshold,” said Richard Truscott, the CFIB’s director of provincial affairs in Alberta. “This sets things up nicely for a busy final quarter this fall.”

Thirty-five per cent of respondents said they planned to increase their full-time staff over the next three months, while six per cent anticipated a reduction. When it came to their assessment of the general health of their businesses, 57 per cent said it was “good,” up two points from July. Five per cent described it as “bad,” down one point as compared with July.

“In terms of the overall state of business in our province, August registered the best post-recession reading to date,” said Truscott. “Obviously, that’s a good sign for Alberta’s economy.”

Labour shortages remain a worry, with 54 per cent of the entrepreneurs surveyed saying their sales or production growth are being adversely affected as a result.

Elsewhere in the country, the CFIB found entrepreneurs in Newfoundland to be the most optimistic, with an August confidence level of 72.7. After Alberta’s 71.7 rating, British Columbians scored the next highest, at 70.2. Saskatchewan respondents averaged 65.0, while those from Ontario came in at 64.7 and Manitobans were 63.0. The confidence level in New Brunswick was 62.6, in Quebec it was 60.4, in Nova Scotia it was 60.3 and in Prince Edward Island it was 56.5. The national average was 65.5.

The CFIB has more than 109,000 business members nationwide, including a number in Central Alberta. The organization says its business confidence index normally ranges between 65 and 75 when the economy is growing at its potential. The August survey was based on 957 responses.

Just Posted

WATCH: Rappelling down Red Deer’s Stantec Building a thrilling, scary experience

Advocate reporter chronicles his trip down the 13-storey buildling

Red Deer raises $60,000 for Make-A-Wish Foundation

27 brave residents rappell down Stantec Building

People hurt in rollover near Red Deer

Occupants of a vehicle that rolled south of Hwy 11A were airlifted… Continue reading

Eager-beaver cannabis entrepreneurs already waiting outside Red Deer City Hall

Appications will be accepted on a first-come basis starting on Tuesday

Like father like son: Red Deer area Dreeshen family dedicates life to public service

There are three jobs that could be considered the Dreeshen family business:… Continue reading

WATCH: Gazebo groundbreaking in Waskasoo

Fifty per cent of the $100,000 project is funded by a provincial government grant

Woman killed in collision near Olds

A woman is dead after a collision west of Olds Saturday afternoon.… Continue reading

Evacuation numbers remain at nearly 1,000 as B.C. wildfires rage on

SUMMERLAND, B.C. — Officials in British Columbia’s Okanagan region hope that fire… Continue reading

Survivors recount deadly Missouri duck boat sinking

BRANSON, Mo. — “Grab the baby!” Those were the last words Tia… Continue reading

HMCS St. John’s to return to Halifax after six-month deployment overseas

HALIFAX — The countdown is on for the homecoming of a Halifax-class… Continue reading

Trump says lawyer taping him may be ‘illegal’

BRIDGEWATER, N.J. — The Latest on President Donald Trump and his onetime… Continue reading

Spieth part of 3-way tie for British lead as Woods lurks

CARNOUSTIE, Scotland — Jordan Spieth has a share of the lead in… Continue reading

WWII hero’s lost Purple Heart returned to his family

NEW YORK — A lost Purple Heart medal has been returned to… Continue reading

California girl, 2, accidentally shot and killed by boy, 4

SAN BERNARDINO, Calif. — Authorities say a 4-year-old boy accidentally shot and… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month