Nova Scotia small businesses starting 2019 on a positive note: CFIB

The Canadian Federation of Independent Business (CFIB) says Nova Scotia's small businesses are feeling more confident as we get 2019 underway.

CFIB says the Business Barometer Index increased to 63.1 in January, which is six points higher than the end of 2018.

The business association says full-time hiring plans got a boost with 20% of respondents looking to hire over the next three to four months, with only 7% saying they plan to reduce personnel.

41% of businesses that responded said their firms are in good shape, although 5% said they were not performing well.

CFIB's National Business Barometer Index rose two and a half points to 56.1 to open the year, though that remains around five points below readings taken in fall 2018.

The Canadian Federation of Independent Business says an index level between 65 and 70 indicates the economy is growing at its potential.