After several days of negotiations, and just hours before the deadline, Reuters reports the the Nafta trade talks between the US and Canada have concluded.
- U.S.-CANADIAN TRADE TALKS HAVE CONCLUDED -CANADIAN OFFICIAL: RTRS
- CANADA’S FREELAND HAS LEFT USTR AFTER TALKS WITH LIGHTHIZER
Reuters adds that Canada’s Freeland will hold a press conference at 4:30pm (after the close).
It was unclear if a deal has been reached, although some speculate that if there was a deal, the press conference would include the US, and not just Canada, which “usually means bad news.”
Freeland hosting a press conference alone (without the US) is probably a tell. That usually means bad news.
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Others have suggested that a deal may not have been reached and the talks will continue into the weekend.
The CAD is generally unchanged on the news.
More at 4:30pm when Freeland speaks.
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