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Market Extra: Here’s what’s next for Nafta, Mexico’s peso and Canada’s dollar

Mexico, Canada and the U.S. were expected to reach a deal in principle on the renegotiation of the North American Free Trade Agreement in May. Now that it’s June and a deal is nowhere to be seen, analysts wonder what’s next for these trade partners and their currencies.

What’s more, political uncertainty may hang up the trade talks even more. Between the November mid-terms in the U.S. and Mexico’s presidential election, there was a lot of uncertainty about the climate Nafta 2.0 would be born into.

Talks to rejig Nafta began in August last year, first in an attempt to wrap up a better version of the trade pact by December, a target that also came and went.

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