US-Canada Trade Talks Constructive But Not Quite Done Yet

U.S. and Canadian negotiators started a second day of talks aimed at rescuing the North American Free Trade Agreement on Thursday as the deadline for a deal this week, set out by President Donald Trump, inched ever closer.


usdcad Canadian dollar graph, September 6, 2018

Aides to the U.S. and Canadian sides worked late into the night after the talks started in Washington on Wednesday, suggesting that areas for potential progress in the talks had been identified.

Canada’s top trade negotiator, Foreign Minister Chrystia Freeland repeated that the talks had been “constructive and positive” as she entered the United Trade Representative building in downtown Washington.

“Yesterday evening and really late into the night and early his morning, our officials – both the Canadian and U.S. officials – did a great deal of technical work on a number of issues,” Freeland said, without elaborating.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza