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Canadian PM Trudeau: We are one step closer to ratifying the new NAFTA (USMCA)

Canadian Prime Minister (PM) Justin Trudeau took out to Twitter on Thursday, making some comments on the new US-Mexico-Canada trade agreement (USMCA).

Key quotes

We are one step closer to ratifying the new NAFTA. 

In Quebec, this agreement preserves more than $50 billion in exports to the United States, protects the cultural exemption, and is a net gain for our aluminum industry. 

It's good news for Quebecers and for all Canadians.

USD/CAD tests five-week highs

The above upbeat remarks on trade failed to move the Canadian dollar, as it remains in five-week lows against the greenback on Thursday. At the press time, USD/CAD trades 0.08% higher at 1.3340, having tested the five-day high of 1.3348 reached on Wednesday.

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