register | confirm account | forgot password
Gabriella Makar, B. Comm, MBA - RE/MAX Real Estate Centre
14717 40 AV, Edmonton, Alberta
P: 780-438-7000
F: 780-430-7283
Email

Thursday, July 4, 2013 - Always look on the bright side of life (and the economy)

Economists always have lots to fret about. Anxiety over Europe, the slowdown in China and the printing of money in the United States can cause nasty worry lines. But in spite of it all, Alberta’s small and medium-sized companies are still the most optimistic in the country.

According to a survey by the Canadian Federation of Independent Business (CFIB), the index of optimism in our province held essentially unchanged at 68.6 in June. On a scale between 0 and 100, an index above 50 means owners expecting their business’ performance to be stronger in the next year outnumber those expecting weaker performance.

Coast to coast, small and medium-sized businesses turned more pessimistic in June. The national index fell to 59.4— down almost three points from May’s reading. It’s the fourth consecutive monthly decline and the first time the index has been below the 60 mark since July 2009.

The CFIB survey supports research by ATB Financial. The Alberta Business Beat survey (released in March) suggests 87 per cent of businesses believe they will be “better off or the same” six months from now. And 76 per cent believe Alberta’s economy will be better or the same.

However, optimism may wane with the late June floods. The CFIB survey was released June 27th, so it’s unlikely that much (or any) of the impact of the flood would have been captured by the survey. July optimism levels could indeed be affected, since the floods most negatively impacted small and mediumsized enterprises.*

* Courtesy of Todd Hirsch, Chief Economist, ATB Financial

posted in General at Thu, 04 Jul 2013 13:45:35 -0600



The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. Data last Updated: Tue, 22 Aug 2017 06:55:46 America/Edmonton
This site's content is the responsibility of Gabriella Makar, B. Comm, MBA, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2017, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker