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Global Markets: Trudeau under increasing pressure for NAFTA deal

By Commodity News Service
Sept. 19 (CNS Canada) – The following is a glance at the news
moving markets in Canada and globally.
Prime Minister Justin Trudeau is facing increased
nervousness in Canadian business and political circles over the
government’s inability to reach agreement with the United States
over a remodeled North American Free Trade Agreement. The
Business Council of Canada and the Ontario government are both
expressing the need for Canada to get a deal.
The U.S.-China trade war continues to ramp up with signs of

growing unease among investors. U.S. President Donald Trump’s
new tariffs on US$200 billion worth of Chinese goods goes into
effect next week and China’s planned retaliatory tariffs on
US$60 billion of U.S. imports will soon follow. A Bank of
America survey published yesterday shows one in four
professional investors is preparing for a slowdown in global
economic growth.
The leaders of North and South Korea agreed to a series of
diplomatic efforts and a statement to “cease all hostile acts
against each other” during a joint news conference in Pyongyang,
North Korea yesterday. North Korea also agreed to close a key
missile test site, but only if the U.S. agreed to corresponding
measures.

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