Lates News

Analysts at Bank of America pointed out in a report that Canadian banks are expected to benefit from improved policies between Canada and the United States and easing trade tensions. The market is optimistic about Canadian Prime Minister Trudeau's ability to revitalize the struggling economy and reach a trade agreement with the United States, which is driving bank stocks higher. The report also noted that Canada's recent approval of speeding up infrastructure project approvals and eliminating some provincial trade barriers are positive factors for the economy. Bank of America predicts that Canada's economic growth will continue to accelerate in the second half of this year and next year.