NAFTA talks drag on; housing remains vulnerable

The NAFTA negotiations between Canada and the US rumbled on this week, with few signs of a breakthrough during what Foreign Affairs Minister Chrystia Freeland described as a “continuous negotiation”. With the month-end deadline for a deal still two weeks away, however, we wouldn’t read too much into the apparent impasse. Politicians of all stripes love drama so any deal should be expected only at the very last minute. The CETA deal between Canada and the EU was no different. Indeed, it’s always possible that the month-end deadline isn’t as set in stone as some have suggested.