Caisse CEO says U.S. NAFTA pullout would lead to more talks: Reuters
Caisse de dépôt et placement du Québec Chief Executive Michael Sabia said he believes that if U.S. President Donald Trump abandons the North American Free Trade Agreement with Canada and Mexico, the United States would then negotiate a new deal with Canada, Reuters reported. Sabia was speaking at a Thomson Reuters Breakingviews event in Toronto discussing predictions for 2018 alongside Brookfield Asset Management Chief Executive Bruce Flatt. Canada is increasingly convinced that Trump will soon announce the United States intends to pull out of NAFTA, Reuters reported earlier this week, sending the Canadian and Mexican currencies lower and hurting stocks. Sabia added that other factors, such as entrepreneurial activity, could help mitigate the impact of the NAFTA talks failing.
