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5 Canadian Stocks To Consider As USMCA Trade Deal Clears Another Hurdle

The House Ways and Means Committee cleared the way for the United States-Mexico-Canada Agreement to be voted on in the full chamber  soon. The deal, which is intended to replace the 1994 accord called NAFTA, would boost the U.S.’s access to the Canadian dairy market, tighten restrictions for rules of origin for auto parts as well as update digital and intellectual property provisions. The sectors that are expected to benefit include agriculture, technology and manufacturing, among others. After it is approved by the House of Representatives, the agreement will then be passed to the Senate, which will vote for ratification in 2020. As such, investors may be interested in profitable Canadian companies operating in the industrial sector.

source: Forbes