Notwithstanding tough talk, Canada won’t probably walk away from NAFTA

Notwithstanding tough talk, Canada won’t probably walk away from NAFTA

Notwithstanding Canada's threats to walk away from NAFTA negotiations if required, its limited success in diversifying exports leaves this country too dependent on American markets to play hardball, as government insiders along with trade experts ascertain.

Talks from The USA, Canada and Mexico will be held in Ottawa on Saturday. It’s going to be the third round of negotiations on modernizing the North American Free Trade Agreement with a bunch of tough nuances yet to be broached.

Donald Trump states he’s on the verge of ditching the pact unless key changes in come true. The previous month Canada suggested it could break up with NAFTA if America pushed to remove a major dispute-settlement mechanism.

However, some insiders draw attention to the fact that leaving the table still appears to be an actual last-ditch measure for the Canadian government run by Liberal Prime Minister Justin Trudeau.


What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

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FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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