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Renegotiated NAFTA could be agreed this week

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Canada will restart official talks with the United States on Tuesday in the hope that an updated version of the North American Free Trade Agreement (NAFTA) will be signed off in the coming days.

Canadian Foreign Minister Chrystia Freeland is in Washington to continue negotiations, following the news that Mexico and the U.S. have already reached an agreement that rewrites the trilateral trade pact, first ratified in 1994.

That agreement has been hailed by President Donald Trump as “a big day for trade,” sending U.S. stocks to fresh all-time highs Monday, with Asian equities also propelling higher Tuesday.

CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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