Canada – The Enemy Next Door

By David Nelson, CFA
Twenty three years after President Clinton signed NAFTA the United States meets once again with our closest neighbors, Canada and Mexico. The administration looks to renegotiate a treaty that many Americans feel didn’t live up to the spirt and promise of the original document. Lost jobs and a widening trade deficit has prompted the President to demand a get tough posture. Negotiations started on August 16th but to date most of the rhetoric has focused on manufacturing and the auto sector. While these are important issues its imperative the administration addresses a rising threat that imperils our future. (Click here for full story on Yahoo Finance)