Alberta small business confidence high

CALGARY – Alberta small business owners registered a slightly higher score than the Canadian average in the latest semi-annual BMO Small Business Confidence Report released Monday.

Albertans had an index score of 69 (out of 100) compared to 68 for Canada. The index in Alberta, however, was down slightly from 70 in the spring while Canada’s index rose from 65 in the spring.

The survey found that 66 per cent of small business owners in Alberta, and 59 per cent of those in Canada, believe 2015 will be better for business while 15 per cent in Alberta and 14 per cent in Canada felt it would be worse.

It also found that 58 per cent in Alberta, and 51 per cent in Canada, expect the economy to get better for the rest of 2014 while five per cent in Alberta and nine per cent nationally expect it to worsen.

The survey said 59 per cent in Alberta expect their businesses to grow compared with 51 per cent in Canada. Only six per cent in Alberta and eight per cent in Canada expect their businesses to shrink.

Also, 20 per cent in Alberta and 25 per cent in Canada expect to invest more in their business while nine per cent in Alberta and 16 per cent in Canada expect to invest less.

“Canadian small business owners believe their organizations are in good-health and are picking up momentum in order to rebuild the solid business foundation of previous years,� said Steve Murphy, head of Canadian commercial banking with BMO Bank of Montreal. “Of particular interest, business owners from nearly every province, have an increased level of optimism compared to earlier this year.�

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