Business confidence in province remains second highest in the country: CFIB

Staff ~ The Telegram
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Optimism among Canadian small business owners dipped slightly in June.
According to the latest business confidence survey findings from the Canadian Federation of Independent Business (CFIB), the Business Barometer Index finished the month at 66.4, down about a point from May's 67.3 level.
This latest reading is at the lower end of the average over the last 10 months, and suggests that economic output is growing at a modest 2.5 per cent. Further details are outlined in the national press release, which is attached.
According to a news release, the following are some provincial findings of note:
The index for Newfoundland and Labrador is 70.7, down from 72.8 in May; the level of business confidence in Newfoundland and Labrador is well above the Canadian average, and second highest in the country 54 per cent of business owners in the province say the overall state of business is good, while 39 per cent of them say it is satisfactory; and insurance costs are the most significant cost pressure in Newfoundland and Labrador, with 65 per cent of business owners saying these costs are causing difficulties for their business.

Organizations: Canadian Federation of Independent Business

Geographic location: Newfoundland and Labrador

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  • naeJ
    July 20, 2010 - 13:02

    but yet they complain they can't afford the new minimum wage... lying slave drivers