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(MNI) Ottawa

Canadian small business confidence fell the most since the first-wave Covid-19 lockdown in the spring on concerns about a second wave.

The Federation of Independent Business said its October Barometer -- tracking views of the economy a year from now -- fell 5.9 points to 53.3. That's the lowest since May and below a level of 65 associated with an economy meeting its potential.

There were declines in 10 of 13 industries and overall capacity use of 71% has been stalled since August. The CFIB report mirrors a drop in consumer confidence the Conference Board reported earlier this week.

MNI Ottawa Bureau | +1 613-314-9647 |
MNI Ottawa Bureau | +1 613-314-9647 |

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