U.S. likely to give 6 months' notice to withdraw from NAFTA

B00Mer

B00Mer

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U.S. likely to give 6 months' notice to withdraw from NAFTA



Canadian government officials say there’s an increasing likelihood that the U.S. will give six months’ notice to withdraw from the North American Free Trade Agreement, according to separate reports from Reuters and Bloomberg.

The Canadian dollar and the Toronto stock index fell on the news.

The Loonie closed at an average trading price of 80.03 cents US, down 0.27 of a U.S. cent.


The S&P/TSX composite index lost 71.29 points to 16,247.95, with industrials among the main decliners.

The rate on Canada’s two-year government bonds declined seven basis points to 1.73 per cent, dropping from a six-year high reached Tuesday.

CIBC chief economist Avery Shenfeld says a Bank of Canada interest rate hike next week is not a given.

“The existing Bank of Canada forecast had assumed no change in trade relationships, so this is a negative for their outlook,” said Shenfeld.

Talks to overhaul NAFTA between the U.S., Canada and Mexico began in August but have so far yielded few results. A sixth round of negotiations will begin this month in Montreal.

U.S. likely to give 6 months' notice to withdraw from NAFTA: reports - 660 NEWS




[youtube]N_MR7tL7tWs[/youtube]
 
White_Unifier

White_Unifier

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Maybe tearing up NAFTA could be a good thing for Canada in the long term. It would mean major short-term pain. Let's not even kid ourselves on that. However, it would force Canada to make tough choices. Look at how Singapore flourished when it was forced into a corner. Rarely will a government make tough decisions when things are chugging along. It usually requires a crisis of epic proportions before a government will finally smarten up.

If the US tore up NAFTA, even Canada's left would have no more choice but to concede publicly that we must reconsider our sacred cows.
 
pgs

pgs

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Likely possibly , should , would, could .

B00Mer said:
OMG Singapore again...

I like the idea of CANZUK and a commonwealth trade pack between 4 nations.. f*ck the USA and Singapore

CANZUK International – Promoting Closer Ties Between Canada, Australia, New Zealand & The United Kingdom
Click to expand...
They are all along way from Canada .

B00Mer said:
OMG Singapore again...

I like the idea of CANZUK and a commonwealth trade pack between 4 nations.. f*ck the USA and Singapore

CANZUK International – Promoting Closer Ties Between Canada, Australia, New Zealand & The United Kingdom
Click to expand...
How will that affect your driving gig ?
 
H

Hoid

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I agree that NAFTA is not the end aall. Far from it. We are taking a beating under NAFTA in forestry fishing agri manufacturing

We may do better on a case by case basis since the Americans are so deceitful under these umbrella as agreements
 
C

Curious Cdn

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MasterPlan said:
An trade partner with United Kingdom, Canada and Australia / New Zealand or it's between Singapore and Australia plus New Zealand plus Canada well one telling true in sound so I smell it. It big money talk in economical trade in winning team this is since 2009 or 2004 with business partner economy.
Click to expand...

Canada, Australia and New Zealand are fierce competitors over everything that we all make and export and there is no partnership to make. We're less so with the UK as we don't make many tea cups and our whiskey is only suitable for sterilising amputation instruments.
 
taxslave

taxslave

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B00Mer said:
U.S. likely to give 6 months' notice to withdraw from NAFTA



Canadian government officials say there’s an increasing likelihood that the U.S. will give six months’ notice to withdraw from the North American Free Trade Agreement, according to separate reports from Reuters and Bloomberg.

The Canadian dollar and the Toronto stock index fell on the news.

The Loonie closed at an average trading price of 80.03 cents US, down 0.27 of a U.S. cent.


The S&P/TSX composite index lost 71.29 points to 16,247.95, with industrials among the main decliners.

The rate on Canada’s two-year government bonds declined seven basis points to 1.73 per cent, dropping from a six-year high reached Tuesday.

CIBC chief economist Avery Shenfeld says a Bank of Canada interest rate hike next week is not a given.

“The existing Bank of Canada forecast had assumed no change in trade relationships, so this is a negative for their outlook,” said Shenfeld.

Talks to overhaul NAFTA between the U.S., Canada and Mexico began in August but have so far yielded few results. A sixth round of negotiations will begin this month in Montreal.

U.S. likely to give 6 months' notice to withdraw from NAFTA: reports - 660 NEWS




[youtube]N_MR7tL7tWs[/youtube]
Click to expand...
Time to build pipelines to both coasts. MOre port facilities too so we can ship ore to other countries.
 
taxslave

taxslave

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B00Mer said:
OMG Singapore again...

I like the idea of CANZUK and a commonwealth trade pack between 4 nations.. f*ck the USA and Singapore

CANZUK International – Promoting Closer Ties Between Canada, Australia, New Zealand & The United Kingdom
Click to expand...

All of them combined are not a big enough market for our resources. We must move oil and coal to major markets like Europe and China.

Curious Cdn said:
Canada, Australia and New Zealand are fierce competitors over everything that we all make and export and there is no partnership to make. We're less so with the UK as we don't make many tea cups and our whiskey is only suitable for sterilising amputation instruments.
Click to expand...

Maybe where you live. Our local whiskey is excellent.
 
White_Unifier

White_Unifier

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Seeing Canada's direction of late, I think tearing up NAFTA would be great. Even the NDP would become pro-free trade after that. Even the NDP would start supporting cuts to our sacred cows. Crisis forces everyone to screw their head on straight.
 
taxslave

taxslave

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White_Unifier said:
Seeing Canada's direction of late, I think tearing up NAFTA would be great. Even the NDP would become pro-free trade after that. Even the NDP would start supporting cuts to our sacred cows. Crisis forces everyone to screw their head on straight.
Click to expand...

Everything except their entitlements.
 
White_Unifier

White_Unifier

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taxslave said:
Everything except their entitlements.
Click to expand...

I don't think so. Of course the NDP will always sit to the left of the Liberals and the Liberals from the Conservatives in relative terms. But it's human nature that crisis would probably force the NDP to adopt the Conservatives' good ideas and vice versa.

If the US tore up NAFTA, that would plunge the Canadian economy. All of of a sudden, we'd take a hard-headed approach. Suddenly, with no money for health care, we too might start hanging drug traffickers and criminalizing cannabis. We too might start putting problem gamblers on blacklists banning them from gambling at casinos. We too would raise taxes on alcohol, etc. Suddenly we'd realize that freedom comes with a price and the government can't mollycoddle the poor anymore. It would help them by giving them a hand up.

Education would become stricter too. Universities would start dropping silly studies and focus on engineering and such, etc.

The state can't afford to hire city workers to scrape gum off of public property? Ban it.

When a country faces economic crisis, it naturally becomes more hard-headed. We need that.
 
taxslave

taxslave

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White_Unifier said:
I don't think so. Of course the NDP will always sit to the left of the Liberals and the Liberals from the Conservatives in relative terms. But it's human nature that crisis would probably force the NDP to adopt the Conservatives' good ideas and vice versa.

If the US tore up NAFTA, that would plunge the Canadian economy. All of of a sudden, we'd take a hard-headed approach. Suddenly, with no money for health care, we too might start hanging drug traffickers and criminalizing cannabis. We too might start putting problem gamblers on blacklists banning them from gambling at casinos. We too would raise taxes on alcohol, etc. Suddenly we'd realize that freedom comes with a price and the government can't mollycoddle the poor anymore. It would help them by giving them a hand up.

Education would become stricter too. Universities would start dropping silly studies and focus on engineering and such, etc.

The state can't afford to hire city workers to scrape gum off of public property? Ban it.

When a country faces economic crisis, it naturally becomes more hard-headed. We need that.
Click to expand...

Why would you want to ban Cannibis and blacklist gamblers? Are you trying to drum up business for organized crime?
 
White_Unifier

White_Unifier

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taxslave said:
Why would you want to ban Cannibis and blacklist gamblers? Are you trying to drum up business for organized crime?
Click to expand...

Singapore has among the lowest crime rates in the world. I strongly advise you don't bring too much cannabis there if you don't want a noose around your neck. As for alcohol, Singapore has very low taxes, but alcohol is among the exceptions. It pickles liver and contributes to domestic disputes, etc. all costing police and doctors money. Someone has to pay for it and it won't be the taxpayer. Cannabis has twice as much tar as tobacco. Alcohol pickles the liver. Gambling can impoverish people and destroy families and so burden the welfare system in no time flat.
 
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