Speaking Tuesday on Gormley, Jeremy Harrison said the news this week that the US and Mexico had reached a two-way deal to replace the 25-year-old North American Free Trade Agreement (NAFTA) was worrisome. He warned that Canada's return to the negotiating table may upend the consensus on autos reached by the US and Mexico.
Trade officials worked late into the night on details, and Canada's Foreign Minister Chrystia Freeland said, "There's a lot of goodwill on both sides".
Foreign Affairs Minister Chrystia Freeland is in Washington for the latest round of negotiations, flanked by senior Canadian officials, including Prime Minister Justin Trudeau and his point-man on US relations, Brian Clow.
Markets appear unconcerned, with Canadian auto-parts makers Linamar Corp. and Magna International Inc. extending gains Tuesday - signaling a bet Canada will make the cut on a final deal and that the Mexico problems were the biggest ones that needed fixing.
Freeland will be on the call, as will Canada's ambassador to the U.S., David MacNaughton, and Dominic LeBlanc, the federal minister responsible for intergovernmental affairs.
BMO chief economist Douglas Porter said in a note that the deal "raises more questions than answers for Canada" and leaves the country in a hard situation. "We are in regular contact with our negotiating partners, and we will continue to work toward a modernized NAFTA" but "we will only sign a new NAFTA that is good for Canada and good for the middle class".
American officials from the president on down have issued the warning repeatedly in recent days: Canada must agree to a revamped NAFTA deal by Friday or miss out on a crucial window of opportunity. The offer, the report said, is part of an effort to save a dispute-settlement system within NAFTA, maintain safeguards for cultural industries and avert tougher pharmaceutical patent protections.
"There are still issues with Canada but I think they could be resolved very quickly", a senior trade official said in an interview.
Aretha Franklin Public Viewing Underway in Detroit
Carolyn Adkisson, 52, of Detroit said she grew up with one of Franklin's sons, and attended high school with him. Green said Franklin's attire and pose communicated both power and comfort, as she did in life.
"We will engage in a positive way and look forward to ultimately signing a deal as long as it's good for Canada and good for middle class Canadians", Trudeau told reporters on Tuesday.
One of the issues for Canada in the revised deal is the US effort to dump the Chapter 19 dispute resolution mechanism that hinders the United States from pursuing anti-dumping and anti-subsidy cases. So it's unclear whether a US deal with Mexico alone would clear Congress' requirements.
"It seems like a set of things that are very easy for Canada to come in on", Brett House, deputy chief economist at Bank of Nova Scotia, said in an interview about what the USA and Mexico agreed to.
"The wall will be paid for very easily by Mexico", said Trump.
Greenwood said an agreement won't be easily reached, as there are multiple obstacles to overcome.
Ottawa could offer USA dairy farmers a small increased share of the market as it did with the European Union in a free trade pact previous year.
While critics said Canada had been frozen out, Freeland has repeatedly stressed to reporters that she remained in close touch with her USA and Mexican counterparts throughout the summer and had already achieved "a high-level agreement with the US" on some the pending issues on autos and labor rights. On Monday, he suggested that the parties might be close to a new framework after more than a year of negotiations.