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Cars, Cows and a Crisis Averted: Highlights of New Nafta Deal

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Canada has joined the U.S. and Mexico in a trade deal to replace Nafta. Josh Wingrove reports.Markets: Asia." (Source: Bloomberg)

The U.S. and Canada reached a deal late Sunday to update the North American Free Trade Agreement, with each side bending on core issues.

The two countries will now join Mexico in updating the 1994 accord, which will be renamed the United States-Mexico-Canada Agreement. Here are highlights of what they agreed to: