Results released by the Canadian Federation of Independent Business (CFIB) show that business confidence for small- and medium-sized enterprises (SMEs) has recovered most of the ground it lost during the middle of 2003. Survey results show that the multiple economic shocks experienced throughout many parts of Canada have largely passed and that a modest recovery is now underway.
Results from CFIB's Quarterly Business Barometer for the third quarter show the business confidence index was at 107.7 in September, up 2.9 points from June's level of 104.8, but down 1.6 points from the same time last year. The index is a key indicator by business owners about the expected performance of their own firm during the next twelve months.
