OTTAWA, June 5, 2012 /CNW/ - A national survey of Canadian exporters
found that after years of a higher Canadian dollar relative to the U.S.
dollar, they have now factored the impact into their overall
The Trade Confidence Index, a bi-annual survey by Export Development
Canada (EDC), asked Canadian exporters about their efforts to deal with
a consistently higher dollar.
More than 75 per cent Canadian exporters said that the impact of the
higher dollar is medium to high.
95 per cent of Canadian exporters said they were either reasonably or
very prepared to operate in an environment where the Canadian dollar is
at parity with the U.S. dollar.
High commodity prices, have kept the Canadian dollar near parity through
global hard times," said Peter Hall, Chief Economist, EDC.
"As the U.S. and global economies improve, higher economic flows will
draw liquidity back into normal channels, weakening commodity prices.
Lower commodity prices will hold the loonie just below parity, helping
Canadian exporters to cash in on the global 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:
Export Development Canada
Tel: (613) 598-2904