Overall outlook: The TCI’s key findings
1. Canadian trade confidence has dropped 1.1 index points since our May 2024 survey and remains below the historical average.
2. Geopolitical concerns and tariff uncertainties are impacting exporter sentiment, causing a negative outlook on domestic and global economic conditions.
About EDC’s Trade Confidence Index
This TCI survey was conducted between Nov. 14 and Dec. 20, 2024, and released on April 16. Twice a year, EDC surveys Canadian exporters and businesses planning to export. The results are a pulse check of their level of confidence and expectations of international trade opportunities over the next six months.
In this TCI release, 2,200 companies responded to our survey. The TCI data is weighted to represent the Canadian exporter and ready-to-export population. Our next TCI release is slated for later this year. Its results may look markedly different, reflecting today’s market realities.