Welcome!

News Feed Item

Exporter Confidence Now Higher Than 2003-2006 Boom Years: EDC Survey

OTTAWA, ONTARIO -- (Marketwired) -- 06/19/14 -- Canadian companies that sell internationally are more confident about business prospects now than they were during the global economic boom period between 2003 and 2006, according to the semi-annual Trade Confidence Index by Export Development Canada (EDC).

EDC is Canada's leading provider of financing, insurance and bonding for Canadian companies that sell into foreign markets. EDC's Trade Confidence Index (TCI) measures how Canadian exporters and investors are feeling about their business opportunities in the next six months.

The overall TCI score, a summary of the state of Canadian exporter confidence, moved up 1.8 points to 77.2, its third consecutive increase.

A clear majority of exporters believe that their international sales will increase over the next six months.

"Canadian exporters are far more bullish on the US economy compared with six months ago. Of those that believe that the global economy is on the upswing, almost one third believe that the US revival will be the primary catalyst in the coming six months," said Peter Hall, Chief Economist, EDC. "That's up from just three per cent last fall."

"Exporters are also much more upbeat about economic improvement in Europe," said Hall. "A huge driver of improved business opportunities is the fall of the Canadian dollar. Few were upbeat about a boost from the loonie six months ago, but of those that believed that business would be picking up in the next six months, 37 per cent think that our dollar will be the primary boost. That's an impressive change."

The following is a summary of some top line survey results:

--  A growing majority of respondents expect export sales to increase in the
    coming six months. The proportion of those expecting higher sales edged
    up to 61 per cent from 55 per cent in the fall, the strongest positive
    reading among the five TCI elements.

--  Half of all respondents said they plan to export to new countries over
    the next two years, with 34 per cent having already exported to new
    countries in the past two years.

--  A lower Canadian dollar is one of the key reasons that exporters are
    increasingly positive about international business opportunities.
    Thirty-seven per cent of those with a positive outlook pointed to the
    softening Canadian dollar as a prime reason for their optimism, and 58
    per cent of all respondents felt that the lower dollar had a positive
    effect on their export sales.

--  The U.S., China, Australia and the U.K. top the list of markets that
    Canadian companies have started selling to in the past two years.


The TCI survey was conducted between March 24 and April 4, 2014. A total of 1,000 Canadian businesses participated, and the TCI was calculated on a total of 752 respondents.

For more information about EDC and the Trade Confidence Index, visit Trade Confidence Index.

EDC is Canada's trade finance agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private- and public-sector financial institutions to create greater capacity for Canadian companies to engage in trade and investment.

For more information about how EDC can help your company, visit www.edc.ca.

An infographic is available at the following address: http://www.edc.ca/EN/Knowledge-Centre/infographics/Pages/TCI-spring-2014-infographic.aspx.

Contacts:
Phil Taylor
Export Development Canada
[email protected] (preferred and quickest response)
613-598-2904

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
All in Mobile is a mobile app agency that helps enterprise companies and next generation startups build the future of digital. We offer mobile development and design for smartphones, tablets and wearables. Our projects cover the latest and most innovative technologies - voice assistants, AI, AR/VR and more. We excel at solutions for sports, fintech and retail industries.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous importa...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Mid-sized companies will be pleased with StorageCraft's low cost for this solution compared to others in the market. There are no startup fees, our solution has a predictable monthly cost, highly competitive pricing and offers ongoing value for our partners month after month. By enabling pooling and StorageCraft's 30-days of free virtualization the company removes several concerns surrounding machine size management and disaster recovery testing costs that add to the complexity of implementing a...
Ivo Lukas is the Founder/CEO for 24Notion. 24Notion is the first integrated marketing/digital PR & lifestyle agency with special emphasis on giving back to the global communities. With a broad understanding the art of non- traditional marketing, new media, communications and social influence. 24Notion ranked #12 in Corporate Philanthropy nominated by Portland Business Journal Book of List.
Most modern computer languages embed a lot of metadata in their application. We show how this goldmine of data from a runtime environment like production or staging can be used to increase profits. Adi conceptualized the Crosscode platform after spending over 25 years working for large enterprise companies like HP, Cisco, IBM, UHG and personally experiencing the challenges that prevent companies from quickly making changes to their technology, due to the complexity of their enterprise. An accomp...
Eric Taylor, a former hacker, reveals what he's learned about cybersecurity. Taylor's life as a hacker began when he was just 12 years old and playing video games at home. Russian hackers are notorious for their hacking skills, but one American says he hacked a Russian cyber gang at just 15 years old. The government eventually caught up with Taylor and he pleaded guilty to posting the personal information on the internet, among other charges. Eric Taylor, who went by the nickname Cosmo...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
There's no doubt that blockchain technology is a powerful tool for the enterprise, but bringing it mainstream has not been without challenges. As VP of Technology at 8base, Andrei is working to make developing a blockchain application accessible to anyone. With better tools, entrepreneurs and developers can work together to quickly and effectively launch applications that integrate smart contracts and blockchain technology. This will ultimately accelerate blockchain adoption on a global scale.
Cryptomage, Inc. is a dynamic hi-tech ICT company offering products and services in the cybersecurity area. We deliver high quality solutions both technologically and conceptually. We have academic roots and hire scientists, cybersecurity experts, software developers and analysts. Our strategy is focused on maintaining the highest skills of our human resources. The Cryptomage team is capable of more than delivering complex solutions; we can improve the whole concept to deliver real added value t...
In addition to 22 Keynotes and General Sessions, attend all FinTechEXPO Blockchain "education sessions" plus 40 in two tracks: (1) Enterprise Cloud (2) Digital Transformation. PRICE EXPIRES AUGUST 31, 2018. Ticket prices: ($295-Aug 31) ($395-Oct 31) ($495-Nov 12) ($995-Walk-in) Does NOT include lunch.
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
It cannot be overseen or regulated by any one administrator, like a government or bank. Currently, there is no government regulation on them which also means there is no government safeguards over them. Although many are looking at Bitcoin to put money into, it would be wise to proceed with caution. Regular central banks are watching it and deciding whether or not to make them illegal (Criminalize them) and therefore make them worthless and eliminate them as competition. ICOs (Initial Coin Offer...