NAFTA's potential end would hurt, but BMO says it's a 'manageable risk'

November 28, 2017

Termination of the North American Free Trade Agreement would hurt the Canadian economy, but it is a "manageable risk" that businesses, markets and policymakers would adjust to fairly quickly, BMO says in recently released report.

BMO's study, entitled "The Day after NAFTA," also suggests that consumers would be the biggest net losers from the termination of NAFTA in all three partner countries, and not any one industry or sector.

The report comes following the conclusion last week in Mexico City of the fifth round of negotiations on a reworked NAFTA. Canadian Foreign Affairs Minister Chrystia Freeland said at the time that several stumbling blocks remain in the talks, including U.S. demands for changes to the rules of origin and a push for a five-year sunset clause in the deal.

This was excerpted from the 28 November 2017 edition of CBC News.

Topic(s)

Trade Agreements

International Trade and Border Management

Information source

Canadian News Channel

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