Canadian exporters have many reasons to be fearful and to pivot their business strategies right now. Anti-trade rhetoric continues to dominate the headlines; major trade agreements are being renegotiated or scuttled and there’s a real-time threat to Canada’s relationship with its largest trading partner.
And yet, despite elevated trade policy uncertainty, a stronger Canadian dollar, and softening Canadian merchandise exports in recent months, the overall confidence of Canadian companies in selling abroad was down only marginally in the last six months according to the Trade Confidence Index, a semi-annual report by Export Development Canada (EDC).
Click here to view more from the EDC report on NAFTA and US trade policy: Canadian companies are taking action to protect against uncertainty in NAFTA and US trade policy
