Small-Firm Owners in Canada Are Worried About Their Businesses

By Shelly Hagan

(Bloomberg) Owners of small Canadian firms have grown increasingly concerned about future business prospects, with the economy poised for a slowdown.

Small business confidence weakened to 56.1 in November, the biggest decline this year and to the lowest since March, according to a survey from the Canadian Federation of Independent Business.

The share of owners who expect their firm to be “much weaker” in the next 12 months reached its highest level in more than three years. Back then, Canada’s economy grew by a mere 1% amid a prolonged deterioration of oil prices that 

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