Most Canadian small businesses remain confident in their business prospects and the state of the economy for 2013, with British Columbia and Atlantic Canada leading the way, new research concludes.
BMO Financial Group discloses this finding in new “BMO Small Business Confidence Report.” The study, conducted by Polara, produces an index score that measures the level of confidence small business owners have in the economy and their business prospects based on key indicators, including their predictions for performance, economic outlook, growth expectations and plans for investment.
Based on their answers, 62 percent of business owners have a positive outlook for 2013. Again, businesses in Atlantic Canada (70 percent) and British Columbia (69 percent) lead the charge as the most optimistic.
More than half (52 percent) expect 2013 to be a better year for business and 45 percent anticipate their business will grow.