Canada’s international trade activity has returned to rude health with a 16% rise in exports and 10% in imports in July being the fastest rate of growth since May 2017 and June 2017 respectively. The pace of export growth to the U.S. of 16% resulted in the largest trade surplus with America since at least 2010 at C$5.4 billion ($4.1 billion). That won’t help during the ongoing NAFTA negotiations through the end of the month. Growth in exports has been broad-based – including by 11% excluding the energy industry. Importantly a 5% rise in exports by the automotive industry follows a 6% dec...