(Paul Viera – Wall Street Journal)
Canada on Monday played down the prospect of a resolution with the U.S. over a trade spat on lumber imports before the start of talks to revamp the North American Free Trade Agreement, denting enthusiasm raised by Prime Minister Justin Trudeau last month for such an outcome.
The inability to cut such a deal before the start of the renegotiations, set to formally start on Aug. 16, threatens to add another layer of complexity in efforts by the U.S., Canada and Mexico to find common ground on a new continental trade pact, Canadian lawmakers and trade watchers have warned.
Talks are aimed at settling the latest chapter in a decades-long trade dispute between Washington and Ottawa over Canadian softwood lumber, which is mostly used to build houses. Click here to read more.