..... and before NAFTA... how much was Canada exporting to the U.S?.. We were trading long before NAFTA folks...
Canadian dollar slides as NAFTA worries dent rate hike bets
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, two government sources said. Canada sends about 75 percent of its exports to the United States. Developments on NAFTA could throw a “monkey wrench” into prospects of a rate hike next week, said Mark McCormick, North American Head of FX Strategy at TD Securities. Chances of the Bank of Canada raising rates next week slipped to 64 percent, the overnight index swaps market indicated. They had climbed to nearly 90 percent after much stronger-than-expected ... (full story)
- Posted: Jan 10, 2018 5:45pm
- Submitted by:Category: Fundamental AnalysisComments: 4 / Views: 1,130