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MNI BRIEF: More Supply Woes Seen By Half of Canadian Exporters

OTTAWA (MNI)

Supply-chain problems will last at least through the third quarter according to half of firms surveyed by the trade finance bank for Canada, one of the most trade-dependent industrial economies.

Some 54% of firms polled in April and May indicated "their production is impacted by global supply chain issues and expect that to last longer than the next quarter," according to Export Development Canada's semi-annual trade confidence index. (See MNI INTERVIEW: Canada Export Windfall Over, Dollar Weakens-EDC)

Supply-chain issues were the third-ranked risk in the poll, following global recession and curtailed trade and investment with China. Lingering concern about supply chains contrast with the New York Fed's index suggesting those concerns have unwound significantly in recent months.

Thirty percent of firms said they face challenges associated with the Ukraine war, down from 36% a year ago.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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