Canadian exporters believe global economy back on track

OTTAWA, June 6, 2012 /CNW/ - A national survey of Canadian exporters suggests a significant shift in attitude toward the global economy.

The Trade Confidence Index, a bi-annual survey by Export Development Canada (EDC), found that six in 10 exporters believed that global economy would worsen in the fall of 2011.  In the spring of 2012, only 2 in 10 had this point of view.

"Exporters seem to be telling us that they believe the worst is behind us, despite lingering risks in Europe," said Peter Hall, Chief Economist, EDC.

"Optimism among Canadian exporters is consistent with the budding recovery that we see in global trade. Behind the considerable planet-wide public-sector cutbacks is a faster-growing private sector that is pulling along the world economy to true recovery."

The Trade Confidence Index survey report will be released on Friday.

EDC is Canada's export credit agency, offering innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC's knowledge and partnerships are used by more than 7,700 Canadian companies and their global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining and a recognized leader in financial reporting and economic analysis.

SOURCE Export Development Canada

For further information:

Media contact:

Phil Taylor
Export Development Canada
Tel: (613) 598-2904
Blackberry:  ptaylor@edc.ca


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