Exporters More Confident About International Opportunities

Exporters More Confident About International Opportunities

Canadian companies that sell abroad are feeling more optimistic about international business opportunities over the next six months, says a semi-annual report by Export Development Canada (EDC).

The report is a summary of EDC’s Trade Confidence Index (TCI) survey, which measures a number of elements that together, give an indication of how Canadian exporters and investors are feeling about their business opportunities in the next six months.

The TCI score for spring 2015 fell slightly to 75.1, but it is still at one of the highest levels since fall 2009. The decrease was driven primarily by a less positive outlook on domestic economic conditions.

“In spite of weak data and increasing concern about the US economy, Canadian exporters still seem to be expecting improvement in the global trade arena,” said Peter Hall, EDC’s Chief Economist. “There is also increased interest in doing business in new countries, a sign that market diversification is alive and well.”

Click here to see the full report.

Categories Economic Insights

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