The Comprehensive and Progressive Trans-Pacific Partnership, the 11-country Asia-Pacific trade agreement revived after being abandoned by the Americans, takes effect today. The Trump administration's decision to withdraw from the Trans-Pacific Partnership made the reworked CPTPP a far better deal for Canada. But six did, in time for it to take effect before the end of 2018: Australia, Canada, Japan, Mexico, New Zealand and Singapore. When the U.S. was part of the TPP (along with Mexico, which remains in the deal), this agreement superseded the original North American Free Trade Agreement (NAFTA). When Canada's free trade deal with South Korea made some Korean models cheaper, dealerships offered promotional pricing in celebration.

Source: CBC News December 30, 2018 09:00 UTC