Mexico gives the green light to a bilateral deal if US cannot reach a deal with Canada on NAFTA
This, according to Mexico's finance minister Jose Antonio Gonzalez Anaya in an interview with the FT. He mentioned that if US and Canada are unable to reach a deal, "there would be a decision to be made".
NAFTA talks between US and Canada are set to resume again later today with Freeland heading back to Washington to meet up with Lighthizer. So far, the loonie remains underpinned in hopes that the resumption of talks means we're getting closer to deal. The 1.3200 handle in USD/CAD also appears to be a tough area for buyers to break above:
