Canadian manufacturers, exporters gain optimism

March 30, 2009

30 March 2009

Canadian manufacturers, exporters gain optimism

The following article is excerpted from the 27 March 2009 edition of “Canadian Transportation & Logistics”.

The most recent Business Conditions Survey conducted by the Canadian Manufacturers and Exporters indicates there’s growing optimism in the Canadian manufacturing community. Respondents’ optimism about the next three months was higher than at any other time in 2009, according to the survey….

Of the 717 companies that responded, 49% said they expect orders to decrease between March and June. In February, 56% of respondents felt orders would decline.

Another reason for hope was that 13% of companies that responded said they will increase their employment over the next three months, up from 11% in February. The number of companies planning layoffs declined from 45% to 42%.

The survey found the credit crunch remains an important issue for manufacturers and exporters, with 59% of businesses reporting problems acquiring credit. …’


Topic(s): 
Exports
Information Source: 
Canadian News Channel
Document Type: 
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