Trudeau Notches Crucial Wins on Trade, Energy Ahead of Election

Nafta deal bolsters loonie and eases investment uncertainy
Shell-led group also poised to back $31 billion LNG terminal

Bloomberg’s Josh Wingrove reports on the U.S.-Mexico-Canada Agreement.(Source: Bloomberg)

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By Theophilos Argitis and Josh Wingrove

October 1, 2018 at 4:10 AM UTC

Updated on

October 1, 2018 at 2:26 PM UTC

This article is for subscribers only.

In less than 12 hours, Prime Minister Justin Trudeau scored two of the biggest economic wins of his political career.

The Canadian leader reached an agreement with President Donald Trump late Sunday to join a new Nafta trade deal with the U.S. and Mexico, ending more than a year of uncertainty for the nation’s businesses. Hours earlier, Bloomberg News reported that a Royal Dutch Shell Plc-led group is poised to announce Monday that it’s moving forward on a C$40 billion ($31 billion) natural gas terminal in Canada, one of the country’s biggest construction projects.