Canada's GDP Growth Blows Past Forecasts, But Oil-Driven Boom Faces Trade War and Rate Uncertainties

Canada's economy is surging past expectations, with real GDP growing 0.3% in May and tracking a 3.4% annualized growth rate in Q2. This is a massive beat against the Bank of Canada's own 2.5% forecast, effectively ending recession talk after a weak first quarter. The rebound is broad-based, with 13 of 20 industrial sectors expanding in May. The engine? Mining, quarrying, and oil and gas extraction, which surged 1.0%—the second straight month of leadership....