Canadian Government Sources Think Trump Will Scrap NAFTA

The Canadian dollar fell in the wake of the news.

There are growing concerns within the Canadian government that U.S. President Donald Trump will announce the end of NAFTA in late January.

As noted by Reuters, “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.”

Additionally, “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.”

It’s important to point out that the U.S. Congress would likely be able to stop Trump from scrapping NAFTA, and many feel that he may use the idea of the ‘end’ of NAFTA as a negotiating tactic.

This news comes as Opposition Leader Andrew Scheer visited Washington D.C. as part of a “United Front” representing Canada.

Both the Conservatives and Liberals have called for NAFTA to continue, and there is concern about the impact on Canada’s economy if the deal was scrapped.

With that in mind, there is a clear possibility that – even if NAFTA ended – Canada and the U.S. would go back to the previous FTA that existed before Mexico (with their cheap labour that undermines Canadian manufacturing), was added.

Spencer Fernando

Photo – YouTube

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Timothy Hickey
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Timothy Hickey

Scrapping the NAFTA Agreement will be a start at disengaging the North American Union! Maybe it is time for CANADIANS to restore our house, open up trade by removing barriers in this country, and doing fair trade deals across the border that are not ruled by the Global and Corporate Forces that have been slowly but surely stripping away our Sovereign Will as a Nation! Trade will always happen so long as Canadians have something the world needs! We do not have to be in the CLUB to do business! Trump would be emboldening our SOVEREIGN RIGHTS as a FREE… Read more »

Ray Decorby
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Ray Decorby

Hate to even think it; but if NAFTA negotiations fail and the Canadian economy suffers as a result; just maybe this will be the short term pain we need to wake up voters as to the many shortcomings of this current gov’tin 2019….

Catanddog
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Catanddog

I’m hoping NAFTA fails. Why wouldn’t it with the demands our negotiating team is making such as the US remove “right to work” in the US and green regulations. All virtue signaling. It seems to me Trudeau’s goal is for it to fail, probably thinking China will save us by buying us. Or he doesn’t want Canadian prosperity.

Colin Henderson
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Colin Henderson

“Canadian government sources “think”” – you must be joking!

Bert Frandlin
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Bert Frandlin

I’m a Canadian citizen and i wish Canada had never even came into being. It’s like being in purgatory. 268,000 Canadian US green card holders are currently eligible for application of US citizenship. Lucky folks!

Clive Edwards
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Clive Edwards

All trade rules needs to be either bi-lateral, which allows for foreign policy leverage on a day to day basis, or open to all without special deals.

Sure, there are NAFTA jobs, just as there are jobs allocated as justification for damn near anything the feds do (gun registry, anyone?) Without NAFTA Canada could start to refine our own oil and support Canadians with a domestic market that wasn’t controlled by American petro-dollars at the world price. After all, who is our economy for? Globalists? Or Canadians?

Helena
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Helena

Social Credit is the answer to every economic problem that exists. See socred.org