The fact that the peso reacts so negatively to a higher probability of increased interest rates, improvements in Trump’s polling, and falls in oil prices makes it vulnerable.
We reject the attempts to undo decades of efforts to achieve a close relationship.
For most Canadians, the prospect of a Trump presidency, with its potential hostility to Canada, probably still seems remote.
<i>What does Wall Street think about the possibility of a Donald Trump presidency? Does it think markets will crash next November? Will the U.S. dollar take a sudden dive? Will we see the United States enter a new era of isolationism, shutting itself away far beyond the wall the Republican candidate wants to build on [Read more]
Free trade has an undeniably positive effect on the economy.
Trump is right to claim that Mexico, China, and other countries have been giving very large incentives to U.S. companies, bundling multiple concessions on wages, environmental protection, and taxes.
The Donald has said he likes Canada and Canadians. Hopefully, he does not “like” us in the same way that he “likes” Mexicans, Hispanics and the other targets of convenience in his crosshairs.
It is time for business interests on both sides of the Canada-U.S. border, which have benefited enormously from NAFTA, to rally and make their views known by actively countering the anti-free-trade, protectionist message of Mr. Trump and other presidential contenders like Mr. Sanders.