Conducted twice a year, the Trade Confidence Index (TCI) survey captures the outlook and opinions of Canadian exporters in five key areas:
1. Domestic sales
2. Export sales
3. Domestic economic conditions
4. World economic conditions
5. International business opportunities
Spring 2015 TCI survey highlights:
Although the overall TCI score fell for a second consecutive time in Spring 2015 — down to 75.1 from 75.8 in Fall 2014 — it still remains above the survey’s historical average.
Despite a notable decrease in trade confidence related to domestic economic conditions (largely due to concerns related to the downturn in Canada’s oil and gas industry), a clear majority of respondents expect export sales to increase over the next six months. In addition, nearly half believe their international business opportunities will improve, with many indicating that their export business has benefited from the lower Canadian dollar. Finally, more than two-fifths of respondents have already started exporting to new countries — and nearly two-thirds are planning to enter new markets within the next two years.
Read the Spring 2015 TCI report