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Global Markets: New NAFTA deal signed

By Commodity News Service Canada
WINNIPEG, Nov. 30, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally.
Canada, the United States and Mexico have signed the renegotiated North American Free Trade (NAFTA) deal on the sidelines of the G20 summit in Argentina. Canada is calling the deal the Canada-United States-Mexico Agreement while the U.S. is calling it the United States-Mexico-Canada Agreement. The deal was reached in late September and the signing took place on the last day in office for Mexican President Enrique Pena Nieto.

New data released by Statistics Canada today is showing that heightened trade uncertainty over the summer took a major toll on Canada’s economy in the third quarter. Consumer spending grew at the slowest pace in more than two years, while business recorded an unexpected drop in investment and scaled back on inventories.
One of the world’s largest hotel chains, Marriot International Inc., has been hacked. The hack affects around 500 million customers and for 327 million of those the data taken includes passport numbers, emails and mailing addresses. Some credit card details may also have been taken. The breach may be one of the biggest such breaches in corporate history. Marriot shares fell 5.6 per cent in pre-market trading.

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