Canadian Dollar Rose after NAFTA agreement
Last week, Canadian dollar rose to its strongest since May against US Dollar over speculation that Canada and U.S. will strike a deal on NAFTA. News then come late Sunday that Canada agreed to join the trade deal with the U.S. and Mexico. All three countries plan to sign on the pact which will save NAFTA as a trilateral agreement. Negotiators from three countries worked around the clock over the weekend to beat self-imposed midnight deadline. This will allow current Mexican president to sign the revised NAFTA agreement on his final day in office.
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