Summary
Ted Mallet, the CFIB's chief economist, said the sharp run-up on fuel prices, coupled with continued weakness in U.S. export markets, have taken their toll on business optimism.
"The weakness is most pronounced among businesses exporting to the U.S. and those with larger payrolls," he said.The previously robust construction index dropped more than eight points to 98.7, "suggesting that economic uncertainty is encouraging businesses and consumers to begin holding off on major real estate outlays," the CFIB report said.See the full content of this document
Extract
Business Optimism Sags Nationally
Optimism among Canada's small- and mid-sized enterprises has sagged to the lowest level since the third quarter of 2001, according to the latest sent...
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