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Exporter confidence fell slightly in autumn, says Export Development Canada

OTTAWA – Canadian companies that sell abroad appear to be somewhat less confident about their near-term prospects.

That’s according to a semi-annual report by Export Development Canada, which provides financing for small companies that sell to customers outside Canada.

Its trade confidence index measures how exporters and investors feel about their opportunities in the next six months.

The EDC says the index fell by 1.4 points this autumn to 75.8 after three consecutive increases that began in the spring of 2013.

EDC chief economist Peter Hall says while exporters expect stronger sales, unsettling international developments have tempered their enthusiasm.

He says global instability, notably in the Middle East, and currency volatility have cooled a steady rise in exporter confidence over the past six months.

“Still, exporter confidence in general remains high, and the appetite for new markets continues to grow,” said Hall.

The fall index is based on 748 responses to a telephone survey conducted from Sept. 11-26.