By Commodity News Service Canada
WINNIPEG, July 25 – Prime Minister Justin Trudeau said today that an impartial dispute resolution system is essential to a renegotiated North American Free Trade Agreement.
Trudeau said a fair resolution system is necessary in any trade deal Canada signs, including a much-anticipated reworked NAFTA. He made the comments following the United States release last week of its key goals for NAFTA changes. In it, the U.S. stated it wanted to eliminate the current dispute settlement system, which it said has prevented the U.S. from filing anti-dumping cases against its NAFTA partners Canada and Mexico.
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Canadian Dollar and Business Outlook: Loonie stronger, crude oil slips again
Glacier FarmMedia | MarketsFarm – The Canadian dollar maintained its upward momentum on Wednesday morning. The loonie was at US$0.7348…
The Canadian dollar closed just off the 80-cent-U.S. mark today after starting the day in early trading at 80.04 cents U.S. The Canadian dollar closed at 79.96 cents U.S. or C$1.2507 per US$1. Yesterday, it closed at 79.92 cents U.S., or C$1.2512 per US$1.
The S&P/TSX Composite Index posted gains thanks to strong showings by natural resource companies. The energy sector led the way, climbing 2.1 per cent. The materials sector added 1.2 per cent on the backs of base metals, particularly copper, which reached two-year highs. The index gained 73.66 points, or 0.49%, to close the day at 15,202.37.
WTI Crude gained 1.55 cents U.S., an increase of 3.34% to US$47.89, after Saudi Arabia and other OPEC countries promised to renew efforts to limit oil production.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 1.52 at $ 27.48
Agrium Incorporated———-up $ 0.40 at $125.27
Buhler Industries————up $ 0.01 at $ 4.16
Maple Leaf Foods————-up $ 0.36 at $ 32.95
Potash Corp. of Sask———up $ 0.85 at $ 22.51
(All figures are in Canadian dollars.)
