Economy

Reuters reveals Canada increasingly sure Trump to pull plug on NAFTA; market reacts

Reuters reveals Canada increasingly sure Trump to pull plug on NAFTA; market reacts

Reuters exclusively reported that Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement (NAFTA) in late January, around the time when Canada, U.S. and Mexico are set to meet for the sixth round of negotiations. Following the Reuters report, the Canadian dollar and Mexican peso dropped against the U.S. dollar while Mexican and Canadian ishares ETFs also fell.