Optimism on the rise says CFIB

Herald file photo.

The Canadian Federation of Independent Business (CFIB) says optimism is slowly coming back to Saskatchewan’s business community.

According to the organizations Business Barometer, which surveyed 943 randomly selected CFIB members, optimism has reached its highest point among business owners since January 2015.

The barometer shows an index of 57.7 for February, a 2.7 point increase from a month ago.

Marilyn Braun-Pollon, the CFIB’s vice-president of prairie and agribusiness, said the results show business owners are starting to regain lost confidence after going through some tough times.

“It’s out best reading in more than a year, so we’re hoping we’re turning the corner and that this trend does continue,” she said.

Although the signs are good, Braun-Pollon said business owners aren’t out of the dark yet. The same survey also showed that only 10 per cent of Saskatchewan business owners surveyed had plans to increase hiring for full-time positions, while 12 per cent plan to shed jobs.

For the rest of this story, please see the Feb. 24 online or print edition of the Daily Herald.