The following is excerpted from a 27 June 2013 commentary by Peter G. Hall of Export Development Canada.
Two words that could be considered arch enemies are ‘up’ and ‘confidence’. They’ve had a long, five-year falling-out, and we could be forgiven for thinking that they will ever make amends. Maybe Canadian exporters are beginning to play peacemaker. Canadian trade confidence actually rose in the spring – a moderate increase, but an increase nonetheless, and at a time when sentiments could easily have soured. Are the details behind this uptick inspiring?
Moderate moves don’t usually inspire, but this time could be different. EDC’s Trade Confidence Index has been on a wild ride since the spring of 2007, and since the autumn, 2009 survey, it has failed to move in the same direction in back-to-back surveys. The latest result moves the Index to a level that’s pretty close to the 2003-07 average, when exports were capitalizing on stronger global growth and greater global diversification of sales. It also occurred at a turbulent time, as exporters were still tallying the impact on sales of Hurricane Sandy, the US fiscal cliff and more recently, sequestration.
This commentary is available in its entirety at:
http://www.edc.ca/EN/Knowledge-Centre/Subscriptions/Weekly-Commentary/Pages/trade-confidence-rises.aspx
Topic(s)
International Trade and Border Management
Information source
Canadian News Channel
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