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canada Economy Mexico City NAFTA Top News United States 

Mexico economy minister eyes multiple rounds of NAFTA talks

July 22, 2017 MEXICO CITY (Reuters) – There could be between six to nine rounds of negotiations between the United States, Canada and Mexico in the event a quick deal is reached on a revamp of the North American Trade Agreement, Mexican Economy Minister Ildefonso Guajardo said. Guajardo told reporters in Mexico City on Friday the NAFTA members were looking at avoiding gaps of more than three weeks between negotiating rounds with a view to making quick progress. “If we calculate the times toward the end of the year, we’re…

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canada Economy NAFTA Top News U.S. United States 

WTO better for solving U.S. trade spats than NAFTA tool: Mexico minister

July 21, 2017 MEXICO CITY (Reuters) – Mexico’s economy minister said on Thursday the World Trade Organization (WTO) has been more effective in resolving U.S. trade disputes than the so-called Chapter 19 mechanism, which the United States hopes to ditch as part of NAFTA talks. The United States on Monday released its goals for the talks, which aim to update the North American Free Trade Agreement that came into force in 1994. These included a desire to ditch the Chapter 19 dispute settlement mechanism that has hindered the United States…

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canada Economy Mexico NAFTA Top News United States 

Canada, Mexico to discuss how to handle NAFTA talks: sources

July 18, 2017 By David Ljunggren OTTAWA (Reuters) – Canadian and Mexican officials will meet on Wednesday to discuss how to handle negotiations on NAFTA, two well-placed sources said on Tuesday, as a top Canadian diplomat hinted at a potential clash with Washington. The working-level talks are scheduled to take place in Ottawa, said the sources, who asked to remain anonymous given the sensitivity of the situation. “The two sides will be looking for areas where they can work together,” said one of the sources. The meeting was scheduled before…

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Americans canada Economy NAFTA Top News U.S. 

U.S. makes lower trade deficit top priority in NAFTA talks

July 18, 2017 By Lesley Wroughton and David Lawder WASHINGTON (Reuters) – The United States on Monday launched the first salvo in the renegotiation of the 23-year-old North American Free Trade Agreement (NAFTA), saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. In a much-anticipated document sent to lawmakers, U.S. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for U.S. goods exported to Canada and Mexico under the three-nation pact. For the first time…

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canada Economy Pence President Trump Top News U.S. 

Pence, Trudeau discuss U.S.-Canada trade disagreements

July 14, 2017 (Reuters) – U.S. Vice President Mike Pence and Canadian Prime Minister Justin Trudeau discussed ongoing trade disagreements between their two countries on Friday on the sidelines of a gathering of U.S. governors. President Donald Trump plans to renegotiate the North American Free Trade Agreement (NAFTA) between the United States, Canada and Mexico with talks to begin in mid-August. Trump feels the two allies and neighbors are taking advantage of lax American trade policies. Pence and Trudeau met on the fringes of the National Governors Association meeting in…

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Business canada Japan Nikkei rates U.S. 

Shares, bonds rally as markets count on patient Fed

July 13, 2017 By Wayne Cole SYDNEY (Reuters) – Asian shares scaled a two-year top on Thursday as investors wagered policy tightening in the United States would be glacial at best, lifting Wall Street to record peaks and lowering bond yields almost everywhere. The star performer was the Canadian dollar, which rocketed to 11-month highs after the country’s central bank hiked rates for the first time in seven years and left the door wide open to further moves. Yet the overall mood was one of relief that Federal Reserve Chair…

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canada Entertainment Monday Billboard Nielsen Music Top News U.S. 

Jay Z’s ‘4:44’ goes platinum but absent from Billboard chart

July 11, 2017 By Piya Sinha-Roy LOS ANGELES (Reuters) – Jay Z’s latest album “4:44” may already be certified platinum but it was noticeably absent from Monday’s Billboard 200 album chart because the rapper’s own streaming platform Tidal did not report numbers to Nielsen Music. The album, on which the Jay Z addresses cheating on his wife Beyonce and the birth of their twins, was released on June 30 as an exclusive to members of Tidal and customers of wireless carrier Sprint Corp, who were offered a free six-month subscription…

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canada debt Economy increase rates Top News 

Canadians brace for higher interest rates after years of cheap debt

July 9, 2017 By Leah Schnurr OTTAWA (Reuters) – After years of debt-happy Canadians being warned that borrowing costs would have to rise eventually, they may be about to face a reckoning if the Bank of Canada hikes interest rates next week, as many expect. Canada’s likely “lift off” on Wednesday – which would bring the country’s first interest rate increase in nearly seven years – comes at a time when the economy still faces a number of headwinds, including weak inflation and the expected renegotiation of the North American…

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canada Economy EU G20 month Top News 

EU, Canada agree start of free trade agreement

July 8, 2017 BRUSSELS (Reuters) – The European Union and Canada said on Saturday they had agreed to start a free trade agreement on Sept. 21, paving the way for over 90 percent of the treaty to come into effect. The Comprehensive Economic and Trade Agreement (CETA) has been championed by both sides as a landmark deal for open markets against a protectionist tide, but last-minute wrangles over cheese and pharmaceuticals were holding up its start. “Meeting at the G20 in Hamburg, reconfirming our joint commitment to the rules-based international…

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canada Economy rates RBA Top News U.S. 

Yen gains as Korean tensions curb risk, C$ near 10-month high

July 5, 2017 By Hideyuki Sano TOKYO (Reuters) – The dollar slipped against the yen on Wednesday on concerns about rising tensions between the United States and North Korea while the Canadian dollar held firm after the nation’s central bank chief backed an interest rate increase. The dollar shed 0.3 percent in early trade to fetch 113.00 yen, slipping further from Monday’s 1-1/2-month high of 113.48. The yen tends to be bought back at times of heightened global uncertainty because of expectations Japanese investors may repatriate their foreign investment, despite…

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