Nafta deal to reduce uncertainty in Canada and Mexico
Regional rate-setters have become increasingly concerned about effects of trade disruptions
The preliminary trade agreement reached by the US and Canada on September 30 could significantly reduce uncertainty in the policy outlooks of central banks in the region.
The accord allows Canada to join the new framework created by the US and Mexico over a month ago, rewriting the conditions of the North Atlantic Free Trade Agreement (Nafta) that has bound the three economies since 1994.
Exchange rate clauseOne of the main innovations in the agreement is its explicit prohibition of exchange
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