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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI POLICY: Trump: Canada Border Shut to Non-Essential Traffic
By Evan Ryser
WASHINGTON (MNI) - President Donald Trump said Wednesday the U.S. border
with Canada will be temporarily closed to 'non-essential traffic,' a move with
little precedent among the world's biggest trade partners.
Trump wrote on Twitter: "We will be, by mutual consent, temporarily closing
our Northern Border with Canada to non-essential traffic. Trade will not be
affected. Details to follow!"
The news comes as the deadly coronavirus outbreak continues to spread,
despite increasingly strict quarantine measures around the world. As the number
of cases grow, experts are warning that life worldwide will be severely
disrupted for many months.
Canada and the U.S. have long touted having the world's longest undefended
border and there is little precedent for shutting it since the War of 1812
settled most tensions between the colonies that grew into their modern-day
nations.
The U.S. restricted Canadian flows for a short period after the 2001 terror
attacks on New York and Washington, but the two countries rely on each other for
vital shipments of military components, food and medical supplies that are
almost impossible to disentangle on short notice.
Canada and the U.S. are the world's largest trade partners with about CAD 1
trillion of annual commerce, according to a briefing book given to Canada's
prime minister after last fall's election.
There were 25 million U.S. visits to Canada in 2019, while Canadians took
43.8 million trips to the U.S. last year, according to Canadian government
figures.
--MNI Washington Bureau; +1 202 371 2121; email: evan.ryser@marketnews.com
[TOPICS: M$C$$$,M$U$$$,MC$$$$,MI$$$$,MT$$$$,MGU$$$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.