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June 13, 2019 | Exporter and CEO Optimism at Recessionary Lows

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Canadian exporters are reporting widespread concerns about a global recession, with sentiment in the sector falling to the lowest level in seven years, according to a  survey by the country’s export financing agency.

Export Development Canada’s trade confidence index, a composite gauge based on a bi-annual survey of 1,000 businesses, dropped to 69.8, compared with 73.7 at the end of last year. It’s the lowest reading since 2011 and the second lowest since the last recession a decade ago.  Here is a direct video link.

The US CEO confidence index published by the Conference Boards has also reached recessionary levels, last seen heading into the 2008 downturn.

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June 13th, 2019

Posted In: Juggling Dynamite

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