The Canadian dollar came under selling pressure on headlines indicating that a NAFTA deal won’t be achieved today, as talks between the US and Canada stalled. USD/CAD jumps to 1.3050 region.
Both countries were unable to come to an agreement about the so-called Chapter 19, which would allow Canada to dispute punitive American tariffs on imports before binational panels.
Canada government officials saying they doubt about achieving a deal today, express “deep concerns.”
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