Canada’s Morneau hopes it’s business as usual with UK after Brexit

Canadian fin min over the wires on trade matters 12 March

  • Canada wants existing trade relationship with UK to be framework for future ties after Brexit
  • hopes to have at least as good a relationship as currently with UK
  • NAFTA renegotiation creates business uncertainty
  • sees parallel between Brexit process and uncertainty about NAFTA

Yep, it’s called politics and peacock-suiting.

  • increasing trade barriers are a continuing concern for G20
  • cautiously optimistic that we can get there on NAFTA

Meanwhile fx pairs having the morning off. USDCAD knocking around 1.2820 after holding 1.2800 but unable to breach 1.2830

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