Eli Ridder | The Post
Finance Minister of Canada Bill Morneau announced on Tuesday during the House of Commons question period that he will reveal the third budget of the ruling Liberal Party on Feb. 27, two weeks from now.
The budget will be tabled in the legislature the same week that a seventh round of talks start over the renegotiation of the North American Free Trade Agreement.
Canada’s chief NAFTA negotiator Steve Verheul said the talks have made limited progress up to now, with issues over the auto sector, sunset clause and changing the dispute resolution system serving as roadblocks for all countries involved, according to the CBC.
Canada’s positive economic status places the country in a “strong position to negotiate” with the U.S., who is involved in the three-country pact along with Mexico.
Many politicians in Ottawa and Washington recognize the need for NAFTA, but both of the country’s leaders have said they want a beneficial agreement or nothing.
U.S. President Donald Trump openly complained about the trade practices of Canada, saying that his northern neighbour “does not treat us right in terms of the farming and the crossing the borders,” Trump was quoted as saying.
“We cannot continue to be taken advantage of by other countries.”
More details to follow. Image of Bill Morneau from the Toronto Star
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