Canadian economy likely to advance a decent clip in Q4

With the CFIB Business Barometer Index going 0.2 points down to 58.7, Canada's small businesses confidence was very slightly changed for the month of November. 

There was a small jump in October, however this still suggests that the sentiment is lower than 63.5, that at the beginning of the year.

There was a bounce back from the September's low, the sentiment amongst small businesses remains below last year levels, however. This is as predicted, with the volatility in financial markets and weakness in the commodities.

The macroeconomic conditions seems improving, given the Canadian economy bouncing back firmly in Q3 after the beginning of the year.

"And, the economy is expected to advance at a decent clip in Q4 as well.  This, combined with ongoing strength in the U.S. economy - should help to improve confidence of small businesses going forward - particularly those in industries tied to the export sector", says TD Economics in a research note.