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Canadian Exporters More Upbeat, Say They are Expanding to Foreign Markets
By Julian Beltrame, Canadian Press, The Vancouver Sun Jun 11, 2012
Export Development Canada's spring report on trade confidence finds exporting firms in Canada searching out new markets and generally more upbeat about prospects than they were in the fall.
The emphasis on finding new markets - something they've been urged to do by the Bank of Canada and the federal government - may be the take-away message of the report.
That's because confidence has generally waxed and waned with the headlines. Since the survey of 811 exporters by the EDC occurred in April - when the global landscape appeared more stable - the results would likely show more pessimism if firms were asked today, said Peter Hall, the Crown agency's chief economist.
Read Full Article on The Vancouver Sun »