Trump feels the same things...
The Canadian Prime Minister adds:
- Disruption of US_Canada trade means lost US jobs
- American's take Canada trade for granted
- Motivated to get trade deal because of uncertainty
- Believes there is a win-win scenario on NAFTA
- Interconnectedness of US-Canada links won't change.
- Trump auto tariffs signal US seeks trade concessions
- Not willing to accept a bad NAFTA deal
On G7 he says:
- G7 needs to reassure people about globalization
- G7 challenge is to ensure growth is fairly shared
- Global political turbulence stems from anxiety
The USDCAD is continuing to trade above the 1.3000 level (at 1.3020). The BOC announces their interest rate decision tomorrow. The high today reached 1.3046. That was near the swing lows of a high extreme going back to March 16 to March 21 when the market peaked for the year.
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