Forget the Background Noise, the USMCA is the Story

Updated: Feb 13, 2020

THIS COULD BE A VERY INTERESTING WEEK, with an FOMC statement that may acknowledge problems in the repo market, with the U.K holding a cringe-inducing election, with impeachment momentum continuing despite reservations by some Democrats, and with Mike Bloomberg starting to make a move.

But there’s only one issue that could make a major difference for the markets — the U.S.-China trade talks, facing a Dec. 15 deadline.

There was surge of euphoria on Oct. 11 when an “agreement in principle” with China was announced by Donald Trump, but the details were hazy and the talks subsequently hit the rocks, once again.

This much appears certain — no one will fall for the “agreement in principle” hype; the devil will be in the details.

At long last, an agreement appears to be imminent on a U.S.-Mexico-Canada deal to replace NAFTA; negotiators are close to finalizing provisions on compliance with labor standards.

It’s possible that final signatures may not come until early 2020, but this deal is 98% finished, a source told us this weekend.

Read More

#freetrade #USMCA #Canada #Mexico #USA #rates #China #economy

12 views0 comments

Recent Posts

See All
Port Strat Logo.png

Delta Creek Financial Advisors

121 King Street West, Toronto, ON  M5H 3T9
13 William Street, Delta, Ontario  K0E 1G0

TF: 833 927 3158

GTA: 647 693 0037

Delta: 343 341 5308

B.C. 778 826 0155

F: 866 396 9183


All Rights Reserved.  Copyright 2021 Delta Creek Financial Advisors

Mutual Funds, Exchange Traded Funds and Exempt Securities are provided through Portfolio Strategies Corporation

Life , Accident & Sickness Insurance, Group Benefits provided through Delta Creek Financial Advisors