TSX falls as NAFTA risk weighs, gold miners buck move
TSX falls as NAFTA risk weighs, gold miners buck move
11 January, 2018, 09:33
Mexican auto production and exports hit a record high in 2017, far outpacing growth in 2016, despite fears that shipments could be hurt by a renegotiation of the North American Free Trade Agreement (NAFTA) with top trading partners the United States and Canada.
Shares of companies considered most at risk declined.
The Canadian dollar fell 0.9% to $1.2574 against the greenback at 3:05 p.m.in Toronto. The Canadian loonie fell along with Mexico's peso and yields on Canada's government bonds. The peso fell 0.8% to 19.3963 per dollar. It is more likely a "zombie NAFTA" will continue even if Trump pulls out, as such an action could be held up in the US court system and members of congress would have to authorize the addition of new tariffs on goods from Canada.
Canada, along with Mexico, has so far rejected some of the Trump administration's hardline demands and refused to offer counter-proposals - and warned there won't be a deal unless the United States puts water in its wine.
In keeping with his campaign promise, Trump forced Canada and Mexico to sit down and renegotiate the 1994 trade pact, and said if a deal could not be reached he would withdraw the United States from NAFTA. The US is insisting on a five-year automatic termination clause, stricter rules on autos, government procurement and dairy, and the overhaul or elimination of dispute panels. Canada is ramping up the outreach effort because "while we are doing a better job of this, and getting people's attention, we are not where we need to be", MacNaughton said. A withdrawal notice doesn't mean Nafta would be killed - a country can give notice and then not actually leave.
Canadian officials, speaking to CBC News, said they are prepared for Trump to signal an intent to withdraw in six months by January's end, but no one would be astonished if he opted to keep his officials at the table. "It certainly throws enough doubt on Nafta that it could affect capital spending plans this year".
He is tied for the National Hockey League in goals (27; Ovechkin) and leads in points (60) this season entering Wednesday. While Barbashev and Thompson have spent time in the minors this season, Dunn hasn't, but he could use the playing time.
Lindsey Graham, R-South Carolina, called last week for the Justice Department to launch a criminal inquiry into Steele. Democrats criticized the move, saying they were targeting someone who had reported wrongdoing, not committed it.
The samples showed that applying ibuprofen triggered a dose-dependent drop in the production of testosterone within 48 hours. The study reports that the condition is "associated with adverse reproductive and physical health disorders".
Trump said "if something can happen and something can come out of those talks that would be a great thing for all of humanity". Pompeo defended Trump's tweets as appropriate and "consistent" with US goals of denuclearizing the Korean peninsula.
His representative was not able to elaborate any further and the resort where the incident took place declined to comment. Harvey Weinstein , pictured on January 8, 2017, reportedly declined to call the police after he was struck.
Last May a young man named Tyler Wesley marked the five-year anniversary of his spinal cord injury that left him in a wheelchair. Finally, last week, he FaceTimed with the girl, who was thrilled to have the chance to talk to her favorite rapper.
Belichick also added a familiar sentence that has become routine talk in New England as he prepares for the team's upcoming game. The team released a statement on Friday saying there was no strife among the franchise's main trio.
They were 12th in points scored. "I think the things that we've done are the right kinds of things", Rivera said . He completed just 59.1 percent of his passes for 3,301 yards with 22 touchdowns and 16 interceptions.
Newspaper reports cite an unnamed government source as saying Brokenshire is stepping down because of health reasons. Bradley was previously Culture Secretary and was given her new role as part of Theresa May's government reshuffle.
Her roommate called police Sunday after being contacted by Roland expressing concern that a suspicious man was following her. Her mother has said she got a odd text from her daughter's phone saying "hello the owner of this phone Courtney.
Browns hire Eliot Wolf as assistant general manager
The 35-year-old Wolf met with Dorsey on Tuesday after the Packers elected to hire Brian Gutekunst as their general manager. The other two were vice president of football administration Russ Ball and director of football operations Eliot Wolf .
BBC's China editor quits over pay discrimination
In an open letter , Ms Gracie said the issue was about "men earning more in the same jobs or jobs of equal value". Gracie herself was offered a grievance hearing and pay rise, from £135000 to £18000 but she declined.
Pierce County deputy was Navy veteran, father
Due to the manhunt and ongoing police investigation, the Bethel School District has canceled school on Monday . The deputy was shot while running after the suspects within 10 minutes of responding to that call for help.
HTC rolls out Viveport VR and Vive Video user interface updates
Timing and pricing wasn't divulged yet, but hopefully we'll see a price drop for the original Vive once the Pro is on the market. Viveport VR riffs on HTC's Viveport subscription service, which enables users to pay $7 per month for access to five VR titles.
Airtel revises Rs 448 and Rs 509 packs to counter Jio
However, in most of the circles such as Bihar, Andhra Pradesh & Telangana, etc., the company is still offering old plans. Jio is the fourth largest telecom operator across the country, with the combined share of the top four being 27.7%.