The US and Canada have reached a bargain agreement on free trade in NAFTA countries. The solution was expected, with post-disclosure strong support for CAD and US futures on major stock indices.
The new framework agreement includes better access for US dairies to the Canadian market while Canada agrees on import duties on cars.
At present, CAD or US futures on major stock indices do not offer good positioning prices, but the positive positivism will have a strong positive impact on European stocks that are yet to accumulate the positive foundations stemming from the US-Canada agreement.
JP Morgan: USD/CAD will hit 1.24 with a NAFTA agreement
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