Skip to content

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Canada trade talks continue as NAFTA deal pushed further

Trade negotiations between US and Canada continue, after ‘stubborn issues’ stand in the way of reaching NAFTA agreement.

NAFTA
Source: AP

US & Canadian negotiators have yet to come to an agreement surrounding NAFTA, after expressing disputes over issues around dairy quotas, protection for Canadian media companies, and future trade dispute resolution.

At this stage it's still unclear whether the two countries will agree on these issues, with US President Donald Trump’s threats of leaving Canada out of NAFTA still in on the table.

News outlets have reported on Friday, no deal would be reached this week, despite Trump’s end of week deadline.

US Trade representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland have said they're working late into Thursday evening to reach a decision, but were not clear on time frames.

When asked by reporters at the USTR offices on Thursday evening, Mrs Lighthizer replied “we are making good progress,”.

The republican chairman of the US house of representatives, Kevin Brady said one of the major disputes was over Canada’s dairy quota regime.

"They are continuing to push toward a conclusion of that agreement. A lot depends on the seriousness of Canada in resolving these final disputes," Mr brady said.

Trump has previously threatened to axe the trilateral trade agreement and change the name from NAFTA to the “United States-Mexico Trade Agreement,” leaving Canada out.

He’s threatened to go ahead without Canada if a deal has not been made upon deadline, however negotiators have already missed previously set deadlines. What happens next hangs in the balance of how successful negotiators are in reaching a resolution.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.  Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. 

CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Find articles by writer