Global Markets: Trump says NAFTA deal unlikely

By Commodity News Service Canada

Aug. 23 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Despite North Korean leader Kim Jong Un’s decision to order more rocket engines, there were signs tensions were easing. The information about the order carried by a North Korean news agency lacked the usual forceful threats.

– U.S. President Donald Trump warned yesterday that he may terminate the North American Free Trade Agreement. “Personally, I don’t think we can make a deal. I think we’ll probably end up terminating NAFTA at some point,” Trump told a rally in Phoenix, Arizona.

– Trump also threatened to bring the U.S. government to a halt unless Congress approved funding to build a wall along the U.S.-Mexico border during an appearance in Phoenix, Arizona yesterday.

– Planes from a Saudi Arabian-led coalition attacked the Yemeni town near the capital of Sanaa, Wednesday morning, killing about 60 Shiite Houthi rebels and civilians. A two-story hotel appeared to be the main target.

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