1012 ET - Canadian banks are likely to benefit from the improving policies and easing tariff strains between Canada and the US. Bank of America analysts say in a report that optimism is building that Prime Minister Carney will rejuvenate a lackluster Canadian economy, strike a trade deal with the U.S., and therefore "put a bid into bank stocks." The analysts say recent approval to fast-track infrastructure projects as well as the elimination of some interprovincial trade barriers are other reasons for optimism, with BofA estimating that GDP growth will likely accelerate in the second half of this year and into next. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 07, 2025 10:12 ET (14:12 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.