Exporters more optimistic about economy
Canadian exporters are feeling a little more confident about the state of the world and domestic economies. A new survey by Export Development Canada shows Canadian firms that export believe the world and domestic economies are on the mend and will improve their prospects. The spring survey represents the biggest jump in exporters’ confidence since the 9-11 terrorist attacks in 2001, lifting the EDC index to 68.5 from a record low of 61 registered six months ago. But EDC chief economist Peter Hall cautions that confidence remains low by historical standards and only takes the index marginally ahead of the historical low point in 2001.
The survey of 1,000 firms across Canada found exporters were surprised and concerned about the recent rise in the value of the Canadian dollar and about low customer demand. Regionally, exporters in Western Canada are the most optimistic and those in Quebec the least optimistic, although the margin separating the two regions are small.
Chrysler restarts plants
Chrysler Group LLC plans to resume making vehicles at its Brampton and Windsor plants in southern Ontario and five other North American factories at the end of June after silencing all of its factories during its six-week stay in Chapter 11 bankruptcy protection.
The eight assembly plants that are restarting employ about 15,000 workers, according to Chrysler’s website.
A story in Wednesday’s business section (paper version) headlined ‘Job hunters seek service’ contained incorrect information. Red Deer’s Employment Placement and Support Services will hold its open house at No. 200, 4315 55th Ave. on Thursday, June 25, from 2 to 5 p.m. An open house at EPSS’s satellite office in Innisfail will take place this Friday from 11 a.m. to 2 p.m. Information on the web site was correct.