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#SaxoStrats
The big news seen overnight was the energy sector creeping higher as shares broke through January highs on the rally in crude oil prices.
Squawk / 31 August 2018 at 20:32 GMT
FX Trade Strategist / www.Loonieviews.net
Canada
U.S.-Canada Trade Talks to Resume Next Week After No Deal Agreed

President Trump sent a formal notice to Congress stating that he still intends to sign a revised version of Nafta by late November. That statement said he was willing to proceed only with Mexico, but that he is also open to continuing negotiations with Canada.

USDCAD at 1.3050 in downtrend from June 27 below the 1.3120 area.

Arguably, Canada needs a trade deal with the US far more than the US needs one with Canada. The US economy is bigger and better able to withstand any CAD?US trade disruption.

For now, Canadian politicians talking about more talks next week is just face-sving noise. Trump wants the Canadian dairy supply management system scrapped. Turdeau says "no" He needs the Quebec votes and the "Big Three" Diary producers, Saputo, Agropur and Parmalat told him so
1y
John Shaw John  Shaw
Trump could shut Canada with a tweet.
Our junior ex-part time drama teacher is trying to embed LGBTFQF rights into the deal and the US is laughing at them. Like WTF?
Turdough will sacrifice it all so we continue to get screwed with high dairy and feather prices. The guy is a clown on his best day.
Who knows bud. If there is no deal then you will want to be long on USD\CAD. That I do know.
Have a great weekend Mike!!

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