Global Markets: Fifth round of NAFTA negotiations begin

By Commodity News Service Canada
WINNIPEG, Nov. 14, 2017 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
The fifth round of NAFTA negotiations begin this week in
Mexico City. The negotiations are being weighed down by several
contentious United States proposals, that even some U.S.
business leaders have labelled “poison pills” to the process.
EgyptAir signed a letter of intent Tuesday to order 12
Bombardier C Series jets valued at $1.1 billion at list prices.
The CS300 aircrafts will be used by the airline’s domestic and
regional carrier EgyptAir Express. If the order is confirmed the
jets will be built in Canada.
Cenovus Energy has reached a $940 million deal to sell its
Weyburn, Sask. oil facility to Whitecap Resources Inc. This is
the last of four main assets which Cenovus has reached
agreements to sell in order to pay down debt incurred in the
$16.8 billion acquisition of Conoco Philips assets this year.

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