NATFA Talks in Jeopardy
The North American Free Trade Agreement (NAFTA) is currently in renegotiation due to Trump’s view that “it is the worst trade deal in history.” The deal is between Mexico, Canada and the US. There were hopes a deal would be in place before the Mexican election on 1st July, but this now seems unlikely. Canada is heavily reliant on the US purchasing it’s exports and a change in the current trade deal will hurt the Canadian economy. The outcome on talks will have a serious effect on CAD value.
Talks have not been going well of late with US and Canadian relations proving to be hostile. Chief negotiator, Peter Navarro recently had to apologise after stating that Canadian Prime Minister, Justin Trudeau deserves a special place in hell. The chances of a trade war remain high, which does not bode well for the Canadian Dollar.
If you have a currency requirement I would be happy to assist. If you wish to maximise your return it is important to be in touch with an experienced broker. If you let me know the details of your trade I will endeavour to produce a trading strategy to suit your needs. If you have a currency provider in place I am willing to perform a live comparison and I am confident I will be able to demonstrate a considerable saving. It will only take a couple of minutes and could be well worth your while.
You can trade in safety knowing your trading with Foreign Currency Direct PLC, a company trading for over 16 years. Our accounts are published online at companies house and we are FCA registered.
If you would like my help I can be contacted at [email protected]. I look forward to hearing from you.