News Briefs for September 8, 2015

Henry Road in Chemainus will become a construction zone starting Tuesday, Sept. 8.

Henry Road water main work begins Sept. 8

Henry Road in Chemainus will become a construction zone starting Tuesday, Sept. 8.

North Cowichan Municipality will be starting a water main upgrade then, and work is expected to continue for a couple of months, weekdays between, 7 a.m. and 5 p.m.

Lane closures and construction speed zone may be in effect, but traffic in both directions will be maintained at all times, a news release states.

Small Biz confidence slipped in August

According to the latest monthly Business Barometer results from the Canadian Federation of Independent Business (CFIB), British Columbia’s small business confidence index fell 3.4 points in August to 64.1, from 67.5 in July.

B.C.’s ranking dropped to third place behind PEI and Nova Scotia as having the most optimistic entrepreneurs in the country.  Despite the decline, B.C. is still 7.4 points above the national index, of 56.7.

Measured on a scale between 0 and 100, an index level above 50 means owners expecting their business’ performance to be stronger in the next year outnumber those expecting weaker performance. An index level of between 65 and 75 means the economy is growing at its potential.

“B.C.’s decline in small business confidence three months in a row may be showing that economic weakness in neighboring provinces and now heightened economic concerns globally have taken their toll.  When Alberta is showing close to recession levels in confidence, it is bound to have some effect in British Columbia,” says Samantha Howard, CFIB’s B.C. Director.