Only 11 per cent of Nova Scotia’s small businesses plan to cut back on their workers over the next few months, according to the Canadian Federation of Independent Business.
Yesterday the federation released the new version of its Business Barometer Index, which measures expectations of small- and medium-sized businesses across the country.
The barometer is now based on a scale between 0 and 100, a news release for the Atlantic branch said, adding Nova Scotia sits at 62.1 when it comes to business optimism in August, up from 58.6 in July.
Nevertheless, small business optimism in this province is the fourth-lowest in the country, the news release said. The Business Barometer Index is also now measured monthly instead of quarterly.