Bank of America: Improvement in US-Canada relations, Canadian banking industry expected to benefit.

Analysts from Bank of America in a report pointed out that with policy improvements and easing tariff tensions between Canada and the United States, the Canadian banking industry is expected to benefit. The market is generally optimistic about Canadian Prime Minister Trudeau reviving the sluggish economy and his ability to reach a trade agreement with the United States, and this expectation is driving the strength of bank stocks. The report also noted that Canada recently approved accelerating infrastructure project approvals and measures to eliminate some inter-provincial trade barriers, adding positive factors to the economic outlook. Bank of America predicts that Canadian economic growth will continue to accelerate in the second half of this year and into next year.