Economy

Economic Commentary

Economic Calendar

Global Economies

Global Economic Calendar

Grits Willing to Talk NAFTA

Canada's ambassador to the United States says the Liberal government would be "happy" to renegotiate the North American Free Trade Agreement with U.S. President-elect Donald Trump's team.

Later Wednesday, Prime Minister Justin Trudeau's office put out a statement saying he had spoken with Trump to "congratulate him on his election victory."

The statement said Trudeau and Trump "reiterated the importance of the Canada-United States bilateral relationship, and discussed various areas of mutual interest."

Trudeau also invited Trump to visit Canada "at his earliest opportunity," with Trump offering the same to the prime minister, the statement said.

Envoy David MacNaughton said Canadian officials have been meeting with Trump's advisers as well as Democratic and Republican members of Congress to prepare the Liberal government for a Trump administration.

MacNaughton explained that Canadian officials have "a pretty good handle" on what to expect from a Republican-controlled Congress and will be pushing Canada's agenda at the same time.

Central to that discussion will be working to improve NAFTA, without harming a deal that MacNaughton says has brought so much economic prosperity to the continent.