Prospects of interest rate relief and waning fears of a recession supported an uptick in B.C. business optimism in March, according to the latest Business Barometer from the Canadian Federation of Independent Business. Still, optimism remained shallow.
The index for longer-term expectations rose to 53.8 points from 52.9 points the previous month, as there were more businesses that expected conditions to improve than there were expecting weaker conditions. Meanwhile, the short-term three-month index increased to 52.1 points from 47.7 points and is now above the index’s neutral benchmark of 50 points for the first time since May 2023. B.C. was consistent with the national index readings. That said, levels held below the 65-point mark that would typically prevail under normal growth conditions. A slowing economy, high interest........