TSX, Wall Street rally to record closes again as Trudeau and Trump meet
TORONTO — The Toronto stock market rose to another record close Monday as Canadian Prime Minister Justin Trudeau and U.S. President Donald Trump vowed to work at strengthening economic ties on both sides of the border.
The two heads of state issued a joint statement following their first face-to-face meeting at the White House, reiterating that both countries share similar priorities, including the need to bolster trade.
When asked how Canada would be impacted by potential changes to the North American Free Trade Agreement, Trump told reporters that his bigger concern was the Mexican portion of the trade deal and the goal would only be to “tweak” those elements affecting Canada in order to better streamline cross-border trade.
There had been concerns about Trump’s plans after he previously remarked that he wanted to renegotiate NAFTA and hinted that he supports protectionist measures.