CanadaOne Twitter CanadaOne Linkedin CanadaOne Facebook CanadaONe RSS

Biz-Briefs

Many small business owners confident with current economy, study finds

By Mario Cywinski |

Nearly two-thirds of small business owners are now confident about the current economy, compared to last year, according to a new survey.

Confidence in the economy has risen from 45 per cent in August 2009 to 63 per cent today, found the Staples Canada survey.

"Small businesses are a vital part of the Canadian economy, and their economic outlook plays a large role in the overall economy," said Steve Matyas, president, Staples Canada.

Even though many owners and executives feel confident, and 92 per cent believe their business will improve or stay the same over the next six months, four in five are making changes to their businesses due to current economic conditions. Most common coping method is operational cost cutting and deferred spending.

Angus Reid Public Opinion conducted the Staples study with small business (up to 50 full-time employees) owners and executives.



If you enjoyed this article, be sure to visit CanadaOne's article knowledge base for more informative articles.

Canadian, Eh!

For over 15 years CanadaOne has helped Canadian businesses start-up and grow. All of the content on our site is created to help busineses get Canadian answers!

Featured Member

MemberZone. Get in the zone! Join Today!

CanadaOne Recommends

Bullies in the Boardroom: Covering the Legal Bases

Should I Start My Own Company?

Conversations with Entrepreneurs: Billy Blanks

Avoiding Legal Perils: Critical Insights into Canadian Franchise Law

Starting a Business: Choosing a Year-End

More

Article Tags