Global Markets: Trade ministers claim NAFTA progress

By Commodity News Service Canada

Sept. 6 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canada, Mexico and the United States all say they made progress in talks designed to modernize the North American Free Trade Agreement, as the second round of negotiations wrapped up in Mexico City yesterday. However, most of the tough issues, such as rules of origin, a dispute settlement mechanism and labour standards. The next round of talks is scheduled for Ottawa, September 23.

– One of the Atlantic largest hurricanes on record is bearing down on Caribbean islands, Cuba and Florida. Hurricane Irma’s exact path is uncertain, but the storm moved over Barbuda last night toward Puerto Rico. It could reach Florida by Saturday, or hit land further east or west of the state. Residents of Texas and Louisiana are still reeling from devastation caused by Hurricane Harvey, which displaced more than one million people.

– Russian president Vladimir Putin said earlier today that economic sanctions and international pressure will not deter North Korea from developing nuclear weapons. While he condemned North Korea’s nuclear bomb test staged Sunday, he said diplomacy offered the only solution.

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