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Business optimism on the decline, says CFIB report

The B.C. Trucking Association recently announced its newly elected executive committee and board of directors. Rob Coghill from JBC Transport Inc., Doug Elliot from Apex Industrial Movers and Paul Schroeder from Bison Transport Inc.

The B.C. Trucking Association recently announced its newly elected executive committee and board of directors.

Rob Coghill from JBC Transport Inc., Doug Elliot from Apex Industrial Movers and Paul Schroeder from Bison Transport Inc., all from Delta, were named to the 2012-2013 board of directors.

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Business optimism in B.C. is dropping, according to the latest Business Barometer report from the Canadian Federation of Independent Business (CFIB).

B.C. business optimism decreased in June to 65.6, down from 67.7 in May and 66.9 in April. Index levels between 65 and 75 generally indicate a growing economy, the federation states.

The province's business confidence remains above the national average for the third month in a row. B.C. currently ranks as the fifth most optimistic province in Canada. This is a decrease in rank from May's third place result.

Alberta and Saskatchewan continue to be the most optimistic provinces in the country. Alberta has an index of 73.3, followed closely by its prairie neighbour with an index of 72.5.

In B.C., 47 per cent of businesses say the overall state of business is satisfactory, while 39 per cent say it is good and 14 per cent say it is bad.

The CFIB also reports that:

. 72 per cent of B.C. employers do not plan to make changes to full-time employment levels while 17 per cent are planning to increase full-time employment and 11 per cent are planning to decrease employment.

. Fuel and energy are the largest cost concerns for businesses with 59 per cent of business owners saying these costs are causing difficulties to their business.

. 48 per cent of B.C. small businesses day that insufficient domestic demand is their biggest business complaint.