There is so far no positive news out of NAFTA negotiation yet. House Speaker Paul Ryan said today (Thursday) is the last day the Congress has to receive a notification of a deal, if it is to pass it within this year. But it’s believed that the fundamental differences regarding auto contents and sunset clause remain between the US and the other two countries, Mexico and Canada.
BoC Governing Council Member Schembri said yesterday that uncertainty on NAFTA is impacting firms’ investment decisions. And, capacity is being “hindered” by firms’ reluctance to take on investment in face of uncertainty. And some of which is related to NAFTA.