Small business owners' confidence up from spring: Survey

B.C., Alberta most optimistic
|hrreporter.com|Last Updated: 09/29/2014

Canadian business owners' confidence in the state of the economy and their business prospects has risen compared to earlier this year, according to the BMO Small Business Confidence Report.

The report produces an index score that measures the level of confidence small business owners have in the economy and their business prospects based on a series of key indicators, including performance, economic outlook, growth expectations and plans for investment.

The current index score registers at 68 out of 100 — up slightly from this past spring (65 out of 100), found the survey of 502 business owners.

"Small business owners believe their organizations are in good health and are picking up momentum in order to rebuild the solid business foundation of previous years," said Steve Murphy, head of Canadian commercial banking at BMO Bank of Montreal. "Of particular interest, business owners from nearly every province, have an increased level of optimism compared to earlier this year."

BMO Small Business Confidence Index scores

National

B.C.

Alberta

Prairies

Ont.

Que.

Atlantic

Fall 2014

68

75

69

65

66

64

66

Spring 2014

65

69

70

61

67

58

63

Fall 2013

70

74

73

60

70

70

68

Spring 2013

59

64

59

54

59

57

62

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