N.L. businesses confident of success
More than half of the small- and medium-sized businesses in Newfoundland and Labrador expect a stronger economic performance in the next 12 months.
That's one of the results of a recent survey by the Canadian Federation of Independent Business, which also indicated that business owners in the province were the second-most optimistic in the country, just behind Saskatchewan.
The federation's provincial director, Bradley George, says confidence is on the rise mainly because of the Hebron announcement last month that got the ball rolling on another major offshore oil development.
George says the elimination of the insurance premium tax in this year's provincial budget has also improved the climate for small business expansion.
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