After being a drag on real GDP growth over the past two years, the foreign trade sector will reverse course this year and be a source of strength for the Canadian economy over the next five years. What role will the U.S. play and when will the U.S. Federal Reserve begin to slash interest rates? Will Canadian merchandise exports see tepid growth in the short term? And will imports see growth from 2024 to 2028? Will the Canadian currency remain low throughout the forecast period? How will exports of consumer goods, including automakers, fare? And will there be erosion in the travel deficit over the next few years?
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Disclaimer
Disclaimer: Forecasts and research often involve numerous assumptions and data sources and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.
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