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Global Markets: NAFTA soon on the agenda

By Commodity News Service Canada

Winnipeg, June 15 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canadian Agriculture Minister Lawrence MacAulay is expected to gather with Mexico’s agriculture minister Jose Calzada and U.S. Agriculture Secretary Sonny Perdue next week. The meeting, expected to take place in Perdue’s home state of Georgia June 19-22, is to begin talks on renegotiating the North American Free Trade Agreement, according the Mexican agriculture ministry.

– U.S. President Donald Trump this morning blasted a federal investigation into obstruction of justice allegations against him as being “led by some very bad and conflicted people!” On Twitter Trump called the investigation a witch hunt. It was reported June 14 that special counsel Robert Mueller is looking into whether Trump attempted to obstruct justice as investigators looked into whether Russia interfered with last year’s presidential elections in the U.S.

– Canadian Prime Minister Justin Trudeau is expected to announce C$1.2 billion for a Montreal rail project connecting the city with its suburbs and airport.

– U.S. President Donald Trump is likely to nominate Kelly Knight Craft as the next American ambassador to Canada. The Trump administration wants to have Knight Craft in place by mid-August, in time for North American Free Trade Agreement negotiations.

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