Small business optimism picks up the pace in December

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• News Release: Business Barometer® Small business optimism picks up the pace in December

January 2012
Ted Mallett, Vice-President & Chief Economist

After inching upward during the autumn months, small business optimism picked up the pace in December. CFIB's Business Barometer Index climbed to 65.0, almost a point and a half above its November level. The Index has historically hovered between 65 and 70 when the economy is expanding, so the return to 'near normal' is seen as good news for Canada's economic performance, which had lately been constrained by uncertainties in foreign markets. 

Measured on a scale between 0 and 100, an index level above 50 means owners expecting their business' performance to be stronger in the next year outnumber those expecting weaker performance.