JPMorgan, HSBC Say Rebranded Nafta Deal Has Little Impact

The video discusses a new trade agreement that introduces modest changes, impacting the Canadian dollar and Mexican peso positively. Experts John Henry and John Norman provide insights, noting the deal's limited global impact but positive sentiment for North American markets. The discussion covers US growth, consumer confidence, and the inclusion of TPP elements. Concerns about global trade, particularly US-China relations, and their effect on investment sentiment are highlighted. The video concludes with currency market reactions, emphasizing the Canadian dollar's appreciation and limited scope for the Mexican peso.

What was the immediate market reaction to the tentative trade agreement?

• The Canadian dollar and Mexican peso fell.

• The Canadian dollar hit a four-month high, and the Mexican peso also traded higher.

• The US dollar appreciated significantly.

• The Euro experienced a sharp decline.

How does the new trade agreement affect US growth in the near term?

• It has no impact on US growth.

• It significantly boosts US growth.

• It slightly hinders US growth.

• It causes a recession in the US.

What elements from the Trans-Pacific Partnership (TPP) are included in the new trade agreement?

• All TPP elements were included.

• Some elements were incorporated despite initial opposition.

• Only the environmental clauses were included.

• None, as both Secretary Clinton and President Trump opposed TPP.

What is the main concern regarding global trade that affects investment sentiment?

• The rapid growth of world trade.

• The increase in global oil prices.

• The potential deterioration of trade tensions.

• The stability of the US dollar.

What is the expected impact on the Canadian dollar following the trade agreement?

• It is expected to collapse.

• It is expected to appreciate.

• It is expected to remain stable.

• It is expected to depreciate.