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According to Reuters survey analysts, Canada's trade agreement with the US may not just fine-tune. Respondents said the Bank of Canada would still be cautious and remain unchanged until late next year.
In February, Justin Trudeau warned that the North American Free Trade Agreement (NAFTA) had only been fine-tuned, US President Trump later accused the Canadian dairy industry of protectionism and offered levied border taxes, which allowed Canada to make decisions The big tense.
The United States subsequently levied taxes on Canadian softwood goods to rekindle trade disputes that began more than 30 years ago.
Reuters in Trump and Trudeau after the February meeting, immediately made a survey with a group of analysts showed that they are not worried about NAFTA will be a major change.
But the latest survey on May 12-16 shows that they believe it could have a big impact on the Canadian economy. More than 75% of Canada's products are sold to the United States.
"Concerns about trade, especially after the timber problem, could keep the Canadian central bank at least the same rate as the year, and the central bank wants to judge the Canadian economy," said Nick Exarhos, an economist at CIBC Capital Markets.
"If we lose free market access to most parts of the United States, it will be a huge disaster for our exports and business investment," he added.
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