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National average dropped below Alberta for first time in 2 ½ years
Alberta small business confidence remains largely unchanged in June at 61.7. Small business confidence in Alberta now sits about one point above the Canadian average for the first time since the decline in global oil prices. The national decline can be localized to a 10 point drop in Ontario.
Canada's small business optimism dropped by more than five points in June to the 60.9. The other provincial numbers were: British Columbia (69.5), PEI (67.5), Manitoba (67.1), Quebec (65.8), New Brunswick (63.6), Nova Scotia (63.5), Ontario (58.0), Saskatchewan (51.8) and Newfoundland & Labrador (48.2).
Measured on a scale of 0 and 100, an index level above 50 means owners expecting their businesses’ performance to be stronger in the next year outnumber those expecting weaker performance. According to past results, index levels normally range between 65 and 75 when the economy is growing at its potential.
June 2017 findings are based on 726 responses, collected from a stratified random sample of CFIB members, to a controlled-access web survey. Data reflect responses received through June 19. Findings are statistically accurate to +/- 3.6 per cent 19 times in 20.