Robert Kavcic, capital markets economist at BMO, says Canada has clearly moved beyond two consecutive quarters of GDP weakness as a strong net trade recovery—driven by higher oil prices—supports growth. Statistics Canada's May trade report showed exp

2026-07-07

Robert Kavcic, capital markets economist at BMO, says Canada has clearly moved beyond two consecutive quarters of GDP weakness as a strong net trade recovery—driven by higher oil prices—supports growth. Statistics Canada's May trade report showed exports rose 0.9% and were up 26% YoY, with energy sales accounting for most of the gain. Despite weak volumes in May, Kavcic expects net trade to boost Q2 GDP by up to 2.0 percentage points.

Other News
2026-07-08

US President Trump: The decision on whether to continue negotiations with Iran is the responsibility of Witkov and Kushner.

2026-07-08

Vietnamese electric vehicle manufacturer VinFast has launched its most affordable model to date, hoping to boost car ownership in Vietnam through mass-market pricing. The VF2, a two-door, four-seater, is priced at 188 million Vietnamese dong (approx