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Reply to "Life after NAFTA: Canadian businesses start to plan for bleak new trade reality"

Chugging right along

"The question is are they doing so from a position of negotiating perspective and they really do understand the facts and they're planning on making fact-based decisions or are they buying into that rhetoric and I think that's a little unclear," says Hassenfratz.

But unclear is kind of the order of the day.

Finally the Canadian economy is chugging right along. Economic data is now consistently coming in stronger than expected. Jobs are being added in droves. The International Monetary Fund expects Canada's economic growth rate to be best among G7 countries at three per cent in 2017.

USA-TRADE/NAFTA

Semi trucks headed for Windsor, Ont., exit onto the lane towards the Ambassador bridge in Detroit on April 26, 2017. (Rebecca Cook/Retuers)

And yet, Stephen Poloz, governor of the Bank of Canada, says NAFTA uncertainty is weighing down on growth prospects.

"We know from our survey that even though investment intentions are higher, they're not as high as they would be without the uncertainty due to NAFTA," he said this week.

FM
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