Canadian Exporters See Hope but Slow Recovery

(Reuters – Louise Egan)

Canadian manufacturers and exporters believe the worst of the recession is over but see a strong currency and financing difficulties hampering a full-fledged recovery, a survey showed on Thursday. Businesses reported a sharp improvement in the value of orders, compared with three months earlier, according to the Canadian Manufacturers and Exporters’ (CME) survey of 727 companies from October 13-27.

Only 38% said current orders have fallen in value, down from 50% in September. Thirty-five said orders are the same and 27% said they have increased – both slight improvements over the previous month. Read more here.