Strong commodity prices mean the value of Canadian goods exports will jump 6 percent in 2017 after a drop last year, Canada’s export credit agency said on Tuesday, playing down possible disruption to the North American Free Trade Agreement (NAFTA).
In its semi-annual forecast, Export Development Canada predicted exporters should benefit this year from a stronger U.S. economy and a weak Canadian dollar. Canada sends 75 percent of all goods exports to the United States.
Those exports shrank by 2.6 percent in 2016, pulled down in part by lower prices for a wide range of goods, including a 17.1 percent drop in energy. Click here to read more.