Canada's small business optimism is on the rise again in April. CFIB's monthly Business BarometerÒ Index gained a point and a half to finish the month at 64.4—its best level since November 2014. The Index is also less than a point from its 2010-14 average, which suggests that while lingering effects of the oil price shock persist in some regions, business expectations are readjusting to a new set of economic drivers.
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.