Canada-EU diversification push faces EU protectionist hurdles, NBC says
National Bank of Canada's Angelo Katsoras warns that Canada's plan to diversify exports away from the US toward the EU is running into more protectionist EU industrial policy.
National Bank of Canada analyst Angelo Katsoras says Canada's effort to diversify exports away from the United States toward the European Union is facing growing obstacles.
The EU's industrial policy is becoming more protectionist, which complicates Canada's export diversification strategy. The note did not provide further details in the available excerpt.
Source: FXStreet Forex News