LATEST NEWS : U.S.-Canada Trade Talks Break Up With No Agreement
Trade negotiations between the U.S. and Canada broke off with no agreement before the Friday deadline set by the Trump administration, according to people familiar with the matter.
The failure of the two countries to bridge their differences this week means that President Trump is expected to send a formal notice to Congress later Friday stating that he is still intends to sign a revised version of the North American Free Trade Agreement by late November, these people said. That statement is likely to say he is willing to proceed only with Mexico, but that he is also open to continuing negotiations with Canada.
Impact : Medium
Sentiment : bad for dollar
Trade negotiations between the U.S. and Canada broke off with no agreement before the Friday deadline set by the Trump administration, according to people familiar with the matter.
The failure of the two countries to bridge their differences this week means that President Trump is expected to send a formal notice to Congress later Friday stating that he is still intends to sign a revised version of the North American Free Trade Agreement by late November, these people said. That statement is likely to say he is willing to proceed only with Mexico, but that he is also open to continuing negotiations with Canada.
Impact : Medium
Sentiment : bad for dollar
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