Forget the Background Noise, the USMCA is the Story

Updated: Feb 13


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

11 views
Untitled

DELTA CREEK FINANCIAL ADVISORS

Port Strat Logo.png

PLANNING · INSURANCE · INVESTMENTS

Follow

Contact

Address

Tel: (647) 693 0037

Tel: (613) 900 8135

18 Coral Cove Crescent, Toronto, Ontario  M3A 1G8
13 William Street, Delta, Ontario  K0E 1G0

Fax: (866) 396 9183

Mutual funds and exempt securities are sold through Portfolio Strategies Corporation. Other products and services are provided through Delta Creek Financial Advisors.  

©2018 BY DELTA CREEK ADVISORS