Study Shows Falloff in Confidence Among Exporters
Exporter confidence retreated from its spring rebound due to renewed concerns about the global economy and Europe's fiscal struggles, said a semi-annual survey of Canadian exporters and investors released by Export Development Canada (EDC). "Since the fall of 2009, bullish…
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exporter sentiment in the spring has given way to pessimism in the fall every year," said EDC Chief Economist Peter Hall. "Volatility is also likely a by-product of global pessimism, which has prompted quick overreactions to negative developments." But he said: "Given the pitiful state of global confidence, Canadian exporters remain surprisingly upbeat."