The Bank of Canada will publish its monetary policy statement and make the rate announcement on May 29, at 17:00 MT.
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.
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.