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USD/CAD: Canadian Dollar Lower As NAFTA Deadline Approaches

By Alfonso EsparzaMarket OverviewAug 30, 2018 09:59
ca.investing.com/analysis/usdcad-canadian-dollar-lower-as-nafta-deadline-approaches-200197514
USD/CAD: Canadian Dollar Lower As NAFTA Deadline Approaches
By Alfonso Esparza   |  Aug 30, 2018 09:59
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Talks between Canada and the United States are intensifying as the two countries push to hammer out a deal on a revamped North American Free Trade Agreement by a Friday deadline, with both sides upbeat about the progress made so far.

USD/CAD for Aug. 30, 2018.
USD/CAD for Aug. 30, 2018.

Despite some contentious issues still on the table, the increasingly positive tone contrasted with U.S. President Donald Trump’s harsh criticism of Canada in recent weeks, raising hopes that the year-long talks will conclude soon with a trilateral agreement.

Negotiations entered a crucial phase this week after the United States and Mexico announced a bilateral deal on Monday, paving the way for Canada to rejoin talks to salvage the 24-year-old accord that accounts for over $1 trillion in annual trade.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

USD/CAD: Canadian Dollar Lower As NAFTA Deadline Approaches
 

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USD/CAD: Canadian Dollar Lower As NAFTA Deadline Approaches

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