LONDON, Ontario (Reuters) – Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement, two government sources said on Wednesday.
The sources said they expected Trump would make his move at about the same time that negotiators from the United States, Canada and Mexico meet in late January for the sixth and penultimate round of talks to modernize the treaty.
The Canadian and Mexican currencies both weakened against the U.S. dollar after the news.
The Canadian dollar fell to its weakest level this year at C$1.2561 to the greenback, or 79.61 U.S. cents. The peso was trading down more than 0.6 pct at 1925 GMT, while the S&P/BM IPC stock index .MXX was down about 1.7 percent.
Trump has repeatedly threatened to walk away from NAFTA unless Canada and Mexico agree to …
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