Canada's small business optimism is steady in March, holding on to the strong gains it had posted a month earlier. CFIB's monthly Business Barometer® index remains at 62.9 points—the same as in February and 2.7 points above January’s reading. Although its trend is on the upswing, confidence still has a way to go before reaching historical norms.
Canada’s private sector job vacancy rate was once again unchanged at 2.4 per cent in the fourth quarter of 2016. This is the fourth consecutive reading at that level, mirroring similar stability in the unemployment rate. Although representing just over 300,000 unfilled jobs it shows continuing slack in Canada’s labour market overall.
A new backgrounder reveals that owning a small business in Canada is anything but a free ride to the penthouse that some might imagine. Statistics show the great majority of small business owners are well-represented in the middle-class.