Paul Martin's Business Update - October 1st, 2014

There’s a sense of optimism among business people in this part of the country.

Testing the attitudes of business owners – by taking the pulse of their optimism versus pessimism – is becoming a popular idea as a way of monitoring things such as hiring intentions or investment plans. One of these reports comes from BMO Bank of Montreal.

The Fall 2014 report has just been released and its shows a general mood of confidence across the country but it is especially noticeable here. The Saskatchewan index is 65 out of 100 which is the highest we’ve seen in a couple years. Interestingly, though, it is even higher in some other regions as the economic recovery begins to take hold.

More than 6-out-of-10 local small business owners believe things will improve for the rest of this year and that upward trend will continue next year. As a result, two-thirds of them expect to see their businesses grow, resulting a generally improved outlook among small business owners who feel their enterprises are beginning to gain some momentum.

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