National Ag News
BMO report sees consumers hurt most if NAFTA ends
Nov 28, 2017, 15:42 PM
by
System
BMO Capital Markets has released a report saying consumers would be “the biggest net loser from the termination of NAFTA in all three partner countries,” if the trade agreement were dissolved. BMO Capital Markets is the investment banking subsidiary of Canadian Bank of Montreal.
The report expects consumer prices in Canada to be roughly POINT-8 percentage points higher, because of the weaker exchange rate and modestly higher tariffs, if NAFTA were dropped.
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