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Alberta Barometer: April shows modest increase in small business confidence

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Despite a 2 point increase, Alberta remains least confident in the country

CALGARY, April 25, 2019 – The monthly Business Barometer® index for Alberta posted a modest gain of 2 points in April, according to the Canadian Federation of Independent Business (CFIB).

Small business confidence reached 44.1 points in April, but continues to lag behind the national average (56.7) by 12.6 points, and remains far below the 65 to 75 point range (on the 100 point scale) which indicates a healthy and growing economy.

It should be noted the cut-off for this month’s barometer was April 15th, meaning the data is not reflective of the results of the April 16th provincial election.

“Small businesses in Alberta are desperate to see leadership from all levels of government to better support them,” said Richard Truscott, Vice-President, Alberta and BC. “With the election now settled, it is essential that all political parties collaborate on policies that encourage the growth and success of Alberta’s small and medium-sized businesses,” added Truscott.

The provincial numbers for April were: Nova Scotia (66.7), Quebec (63.6), PEI (60.7), Ontario (59.1), British Columbia (55.5), New Brunswick (53.5), Manitoba (50.9), Saskatchewan (50.4), Newfoundland & Labrador (48.8), and Alberta (44.1).

The April 2019 findings are based on 757 responses, collected from a stratified random sample of CFIB members, to a controlled-access web survey. Data reflect responses received through April 15th. Findings are statistically accurate to +/- 3.6 per cent 19 times in 20.

For media enquiries about the Alberta results, please contact Richard Truscott, Vice-President, Alberta and BC, at [email protected] or 403-444-9290. For national results, please contact Ted Mallett, Chief Economist, [email protected] or 647-464-2814

About CFIB
The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses with 110,000 members across every industry and region, including 10,000 Alberta members. CFIB is dedicated to increasing business owners’ chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at cfib.ca.