Canada's Globe and Mail reports:
- The Trump administration has dropped a contentious demand that all vehicles made in Canada and Mexico for export to the United States contain at least 50 per cent U.S. content, removing a key roadblock to a deal for a new North American free-trade agreement.
- Sources with knowledge of the talks said the U.S. took one of its toughest protectionist demands off the table during NAFTA meetings in Washington last week, which included a sit-down between Foreign Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer. The people spoke on condition of anonymity in order to discuss the confidential discussions.
USD/CAD is a little lower ... this is good news for CAD:
