Only 5% foresee adding on full-time staff in the next three months, 63% say they will have to cut back.
Businesses across Canada are moderating their expectations for the year ahead.
Manufacturing was down 1.5 points from a 58 in December.
Manufacturers among the top three expressing the greatest optimism.
Confidence is up three points on CFIB’s business index.
Manufacturing, natural resources, business services unusually low.
Bets on foreign markets and energy investments as holding the key to growth.
Canadian manufacturers have started the year feeling confident about their prospects, according to a PwC study.
Bad news in the first half of August soured small business confidence, according to the results of a monthly index tracked by the Canadian Federation of Independent Business (CFIB).
TORONTO: Optimism among Canada’s small- and medium-sized business owners continues to erode, but manufacturers are among those bucking the trend, according to a Canadian business index. The Canadian Federation of Independent Business (CFIB) Business Barometer dropped to 63.6 in September…