Trump in the Oval office with Trudeau

  • Trump says he could envision having a trade deal with Canada without Mexico
  • It's possible to do a deal on NAFTA but it must protect workers

As we get closer to year-end the risks will continuously rise for the Mexican peso. The thinking for Canada is that it will get something close to the status quo even if it goes badly, so the risks are lower for the loonie but still notable.