CALGARY—Export Development Canada says exports are growing significantly as both the U.S. and the global economy continue to improve. The crown corporation said in a report out Thursday that overall exports are expected to grow 8 per cent in 2017, led by “massive gains” in the commodity space, and 4 per cent next year. “Things are definitely improving with respect to the U.S. and global economies, notwithstanding the issues around trade negotiations and political risk,” said Todd Evans, principal at EDC Economics in an interview ahead of the report’s release. “When it comes to a synchronized global upturn, this is pretty good. In terms of that synchronicity it’s pretty much as good as it gets.”At $77 billion, EDC says oil and gas exports are forecast to have grown by 31 per cent, after production was hit last year by the Fort McMurray wildfire.

Source: thestar October 19, 2017 17:15 UTC