The weak resources sector is to blame for a sharp drop in optimism among Saskatchewan small businesses.
The Canadian Federation of Independent Business’ monthly Business Barometer fell 6 points in February to 52 per cent, meaning just over half of small businesses are optimistic of their future in the coming months.
But CFIB Vice President of Prairie and Agri Business Marilyn Braun-Pollon says this drop isn’t a sign of disaster yet.
Braun-Pollon says we are faring much better than our neighbours to the West, with only 26 per cent of Albertan small companies feeling positive, which is a record low.
Saskatchewan’s 52 per cent ranking is also below the national average of 54 per cent optimism.