Close X
Monday, November 25, 2024
ADVT 
National

US Midterm Results Bring New Sources Of Trade Uncertainty For Canada

Darpan News Desk The Canadian Press, 07 Nov, 2018 12:43 PM
    OTTAWA — Canadians are inspecting the fresh U.S. political landscape following midterm election results that many believe have added fresh trade-related uncertainty. 
     
     
    Experts says the Democrats' majority victory Tuesday in the House of Representatives means the ratification of the recently struck United States-Mexico-Canada deal, known as USMCA, will likely have to wait well into 2019.
     
     
    Trade expert Lawrence Herman says he expects the pact to eventually gain approval — but he warns there's a risk the agreement-in-principle could crumble, especially if Democrats decide the deal's passage isn't politically advantageous for their party.
     
     
    Either way, Herman says Canadian businesses now face new unknowns as they try to make export and investment decisions.
     
     
    Canada will also scrutinize the midterm results for other cross-border impacts, including the fate of the Trump administration's painful tariffs on steel and aluminum imports from north of the border.
     
     
    Unifor president Jerry Dias, whose union represents auto workers, says now that the midterms are over Canadian MPs from all parties must apply more pressure to secure the removal of unjust tariffs he argues were imposed to score political points with the Republican base.

    MORE National ARTICLES

    'The Province Is Broke:' Alberta Opposition Leader Jason Kenney Undecided On Olympic Bid

    'The Province Is Broke:' Alberta Opposition Leader Jason Kenney Undecided On Olympic Bid
    CALGARY — The leader of Alberta's official Opposition isn't ready to jump on the 2026 Calgary Winter Olympics band wagon.

    'The Province Is Broke:' Alberta Opposition Leader Jason Kenney Undecided On Olympic Bid

    British Hiker Rescued From A Sheer Mountain Cliff Just Outside Of Vancouver

    British Hiker Rescued From A Sheer Mountain Cliff Just Outside Of Vancouver
    VANCOUVER — A British hiker has been rescued from a sheer mountain cliff just outside of Vancouver.

    British Hiker Rescued From A Sheer Mountain Cliff Just Outside Of Vancouver

    Man Charged With Arson After Fire In Police, Fire Building In Delta, B.C.

    Man Charged With Arson After Fire In Police, Fire Building In Delta, B.C.
    DELTA, B.C. — A man accused of starting a fire in the public safety building in Delta, B.C., is facing three arson charges.

    Man Charged With Arson After Fire In Police, Fire Building In Delta, B.C.

    Canada Set To Become Largest Country With Legal Pot Sales

    Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there.

    Canada Set To Become Largest Country With Legal Pot Sales

    Vancouver Police Officer Blake Chersinoff Named One Of World’s Best 40 Under 40

    Detective Constable Blake Chersinoff joined the Vancouver Police Department in 2008. He has worked on patrol, as a neighbourhood community policing officer, and on several special projects.

    Vancouver Police Officer Blake Chersinoff Named One Of World’s Best 40 Under 40

    Crews Tackle Second Fire On Barge Loaded With Cars In Fraser River In Two Months

    Crews Tackle Second Fire On Barge Loaded With Cars In Fraser River In Two Months
    Officials Monitoring Air And Water Quality After Barge Fire

    Crews Tackle Second Fire On Barge Loaded With Cars In Fraser River In Two Months