Canadian small business owners haven't been feeling as positive over the last month, according to a recent survey.
The Canadian Federation of Independent Businesses released its latest Business Barometer index, which showed that confidence levels for small businesses were at 66.4 for the month of June, down slightly from May's figure of 67.3. The index also showed that confidence levels had a lot to do with which province a business operates in.
The two regions with the highest score were British Columbia - scoring 72.1 - and Newfoundland & Labrador - which scored 70.7. Both results represented higher rates than the national average.
But the results, according to CFIB leadership, are not shocking.
"This latest reading is at the lower end of the average over the last ten months, and suggests that economic output is growing only at a modest 2.5 percent clip," said CFIB vice-president and chief economist, Ted Mallett. He also noted that based on the increase on interest rates, "business owners are not overextending themselves."
The CFIB made headlines recently when they called for a cap to the property tax rates for small businesses. The Mission City Record reports that the group wanted the government of British Columbia to limit the business property tax rate to a ratio of two to one when compared with residential space.
