Small business owners in Ontario are losing confidence, a survey has indicated. The results of the monthly Business Barometer from the Canadian Federation of Independent Business (CFIB) shows confidence among the province's job creating sector dropped to its lowest level since September, 2010 – down eight points to 60.1 from 68.1 the month before.
"While small business owners don't expect their governments to control what goes on elsewhere, they do expect them not to make matters worse," said Satinder Chera, CFIB's Ontario vice president in a press release. More than 70 per cent of small business owners cited fuel and energy costs as major cost concerns, followed closely by taxes and regulatory costs at 59 per cent.
During this election campaign, CFIB will press the party leaders to address the following small business concerns to support the future livelihood of all Ontarians; relief from payroll taxes, reduction of unnecessary government red tape and regulations, fair and balanced labour laws, and reforming the workers compensation system (WSIB).
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