Toronto stocks and the Canadian dollar rose at the start of trading Monday after Canada secured a deal for a trilateral trade pact with the U.S. and Mexico. The TSX was up 54 points to 16,129 at midday, regaining ground it lost in the past month during NAFTA negotiations. The new deal, called the United States-Mexico-Canada Agreement (USMCA), also buoyed U.S. markets, especially dairy and industrials. It gives U.S. farmers greater access to the Canadian market and seems to diminish the threat of auto tariffs. Joe Hinrichs, executive vice-president and president of Global Operations at Ford, said the company was "very encouraged" by the announcement of a trade deal.

Source: CBC News October 01, 2018 15:05 UTC