Economists: Canada's economic outlook depends on the country's performance in resources and metals

Chief Economist of Jiading Huafu Cooperative Bank, Jimmy Jean, stated that Canada's economic outlook depends on leveraging its expertise in the energy sector and the production of critical minerals. He said that, due to Canada's vast oil and gas reserves, foreign investors currently seem to have strong interest. Jean noted that Canada can no longer rely on its duty-free access to the United States to attract investors. Jean said, "Canada must achieve more than the usual self-congratulatory rhetoric: it must turn its comparative advantages—clean energy, resources, and expertise—into new productive capacity." Foreigners are also buying Canadian securities at a record pace. He said it would be a mistake for Canada to view the current optimism as an unconditional vote of confidence in Canada's ability to deliver on its promises.