Owners of small businesses in Canada have been feeling the blues for months. And in January, their optimism dropped to the lowest level since March 2009, the trough of the Financial Crisis.
That’s what the Canadian Federation of Independent Business (CFIB) reported. Its Business Barometer has a scale between 0 and 100. A level above 50 indicates that owners who expect their businesses to be stronger over the next 12 months outnumber those who expect their businesses to be weaker.
Source: Crushed Currency, Oil, Domestic Demand Broadside Small Businesses in Canada, Worst since March 2009 | Wolf Street
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