Finance Minister Bill Morneau speaks to the Economic Club of Canada in Ottawa on Thursday, Nov. 22, 2018. THE CANADIAN PRESS/Sean Kilpatrick

Morneau hopes new NAFTA deal signed next week, stresses tariff issue is separate

Finance Minister Bill Morneau says Canada is working with the U.S. to solve the tit-for-tat tariff dispute.

Finance Minister Bill Morneau says he’s hopeful the newly struck North American free-trade deal will be signed next week — and suggests Canada could sign even with stinging U.S. tariffs in place.

Morneau was asked by reporters after a speech today if the government should still consider signing the new continental trade deal even if the United States keeps its heavy import taxes on Canadian aluminum and steel.

He says Canada is working with the U.S. to solve the tit-for-tat tariff dispute and he stresses Ottawa won’t make one set of negotiations contingent on another.

Morneau says there’s work going on behind the scenes to make sure the legal document defining the United-States-Mexico-Canada Agreement (or USMCA) is exactly as agreed and adds that he has every reason to believe the work is moving along at a good pace.

He was speaking to the Economic Club of Canada in Ottawa this morning, one day after he released a fall economic statement packed with billions of dollars worth of tax incentives for corporate Canada.

Ottawa’s long-awaited plan to help the country compete with the United States for investment dollars comes in response to major American tax and regulatory reforms that many in the business community warn has eliminated Canada’s edge as an investment destination.

Read more: Canada could ratify new NAFTA even if U.S. tariffs stay put: Trudeau

Read more: Trudeau to meet key Pacific trade partners at APEC leaders’ summit

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

County council tweaks meeting times for 2019

Council, Planning and Public Works meetings defined Nov. 6

The Lakedell Lighthorse 4-H Club is off to a great year

Lakedell Lighthorse 4-H Club has 24 club members, five Cleaver kids

Trudeau’s Calgary visit seems hypocritical: writer

Albertans should get out to vote to get out of the Liberals

RCMP Major Crimes Unit South lay charges in homicide

23-year-old Chelsey Lagrelle of Sunchild First Nation charged with manslaughter

UPDATED: Calgary Police receive multiple bomb threats

Similar threats received across Canada and the United States

VIDEO: Royals reveal the images on their Christmas cards

Prince William and his wife Kate are shown outside in casual clothes, their three young children in tow

New home for Calgary Flames estimated to cost up to $600 million

The city and the Flames are not yet talking on who will pay how much for a building to replace the Saddledome

Family searching for B.C. professor last seen at Colombian salsa club

Ramazan Gencay, a professor in economics at Simon Fraser University, was last seen in Medellin

Rash of bomb threats a learning opportunity for response capacity, Goodale

Thursday’s wave of bomb threats swept across communities on both sides of the Canada-U.S. border

Mike Duffy can’t sue Senate over suspension without pay, judge rules

Duffy’s lawsuit sought more than $7.8 million from the upper chamber

Language on Sikh extremism in report will be reviewed, Goodale says

A public-safety ministry document indicats terrorist threats to Canada included a section on Sikh extremism for the first time

Questions raised over retailers who shame shoplifters with photos

Alleged theft from a sex shop in Newfoundland led to posts on social media

Fashion Fridays: How to change your beauty routine

Kim XO, lets you in on her style secrets each Fashion Friday on the Black Press Media Network

Stettler man found guilty of illegally trafficking wildlife

Hunting license suspended for three years

Most Read