Sept. 2, 2009, Toronto - The Canadian
economy is making a turn towards recovery according to the latest business
confidence survey findings from the Canadian Federation of Independent Business
(CFIB).
After mediocre results in June and July,
the Business Barometer(R) index climbed to 65.4, its highest level in two
years.
"These results demonstrate an overall
improvement across industries and regions, suggesting that the economy is
finally making its first tentative steps toward recovery," explained Ted
Mallett, CFIB's vice-president of research and chief economist, in a news
release. "Thanks in large part to a return of confidence in Ontario and
Quebec, optimism is firming up throughout the economy."
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