-Source-CNBC-
Canada doesn't like trade threats but knows it's important to get a deal done, says expert Canada doesn't like trade threats but knows it's important to get a deal done, says expert
Canada will restart official talks with the United States on Tuesday in the hope that an updated version of the North American Free Trade Agreement (NAFTA) will be signed off in the coming days.
Canadian Foreign Minister Chrystia Freeland is in Washington to continue negotiations, following the news that Mexico and the U.S. have already reached an agreement that rewrites the trilateral trade pact, first ratified in 1994.
That agreement has been hailed by President Donald Trump as "a big day for trade," sending U.S. stocks to fresh all-time highs Monday, with Asian equities also propelling higher Tuesday.
Maryscott Greenwood, CEO of the Canadian American Business Council (CABC), told CNBC on Tuesday that she thought Canada would join the arrangement and could even finalize a new NAFTA deal this week.
"There is only a handful of tough issues left. Mexico is already there. I think we can get there this week, I really do," she said, before cautioning that this week's trilateral talks would be "harsh" and "intensive." Read more
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