Businesspeople In Atlantic Canada Detail Top Issues Facing Them

Posted on Tuesday, March 6, 2018 12:52 PM

Business leaders in Atlantic Canada say the top issues facing them right now are the escalating costs of doing business, lack of government leadership and weak economic conditions.

That from the Atlantic Canada Business Confidence Index by Corporate Research Associates which reveals that that the surveyed businesspeople are more optimistic when it comes to the economic well-being of their own business than with the state of the provincial economy.

The Index also shows businesses don't strongly believe the state of the economy in the region has gotten better, let alone changed, from a year ago even though there's been some growth in GDP in all four Atlantic provinces this last year.

When it comes to business confidence by province — New Brunswick and Nova Scotia are relatively stable with increases of 2.9 and 1.1 points respectively. A sharp drop of 8.7 points in Newfoundland and Labrador and a big jump in P.E.I. of 12.9 points.