Buenos Aires | Reuters — The leaders of Mexico, Canada and the United States signed a North American trade pact on Friday after brinkmanship over the final details of the deal continued through the eve of the signing. They agreed on a deal in principle to govern the more than trillion dollars of mutual trade […] Read more
U.S., Canada, Mexico sign trade deal after last-minute brinkmanship
Canada to work with China on trade deal despite USMCA clause, Trudeau says
Singapore | Reuters — Canada and China will continue to work together toward an “eventual” free trade deal, Canadian Prime Minister Justin Trudeau said on Thursday. This is despite the country being a signatory to the North American Free Trade Agreement (NAFTA), which specifies that if one of its partners enters a free trade deal […] Read more
U.S. milk producers ask government for more aid, citing $1 bln tariff impact
Washington | Reuters – U.S. milk producers asked the government to increase aid payments to the industry to offset losses from foreign tariffs, saying dairy farmers have lost more than $1 billion in income since May. The administration of President Donald Trump in late May announced tariffs of 25 percent on steel imports and 10 […] Read more
Trade certainty doesn’t translate to higher loonie
CNS Canada — Even with more certainty around trade with the U.S., Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. […] Read more
Another blow for Canada’s dairy industry
Dairy farmers frustrated and disappointed but other farm sectors welcome the NAFTA replacement
Reading Time: 5 minutes Many Canadians breathed a collective sigh of relief when Canada, the U.S., and Mexico agreed to a new trade agreement at the end of September. But for the country’s dairy industry, this proposed deal is just another in a series of blows that is slowly but surely bleeding the industry dry. “This is definitely death […] Read more
Trade pact clause seen deterring China trade deals with Canada, Mexico
Washington | Reuters — China’s hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement that aims to forbid such deals with “non-market” countries, trade experts said on Tuesday. The provision specifies that if one of the current North […] Read more
U.S. livestock: CME cattle futures jump on trilateral trade pact
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to their highest prices since April on Monday after the U.S., Canada and Mexico said they struck a deal on a trilateral trade pact. News of the agreement, reached over the weekend, eased concerns that the United States would exit the North American Free […] Read more
U.S. grains: Corn, soy surge as NAFTA revamp outweighs big supplies
Chicago | Reuters — U.S. corn and soybean futures rallied on Monday, reversing the prior session’s steep losses, after the U.S., Canada and Mexico announced they had reached a deal on a trilateral pact to replace NAFTA. Corn gained nearly three per cent and soybeans more than one per cent as news of the trade […] Read more
Canada, U.S. deal saves NAFTA as trilateral pact
Ottawa/Washington | Reuters — The U.S. and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, US$1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century. In a big victory for his agenda to shake up an era of global […] Read more
Canada, U.S. reach deal to update NAFTA, sources say
Ottawa/Washington | Reuters — The U.S. and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada’s dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks said on […] Read more
Cyber-Savvy Farmer
