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Nafta Fight Would Only Hurt Investment, Canada Warns

  • Canada’s ambassador doesn’t expect full U.S. Nafta withdrawal
  • Trudeau government to seek faster dispute settlement in talks
Bloomberg business news

Mexico, Canada Push for Trilateral Nafta Re-Negotiation

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Canada wants to move quickly with U.S. President Donald Trump to update the North American Free Trade Agreement, as delays in talks over that deal and any new border taxes will discourage investment across the continent, Canada’s ambassador to Washington said.

"People are sitting on their wallets and they’re not investing as much as they would if there was more certainty," said envoy David MacNaughton, a veteran lobbyist who celebrated a year on the job last week.