Canadian Foreign Minister Chrystia Freeland will meet Mexican President-elect Andres Manuel Lopez Obrador and discuss NAFTA trade talks during a visit to the country on July 25, the Mexican foreign ministry said in a statement.
The U.S. trade deficit fell to a 1-1/2-year low in May as exports rose to a record high, boosted by an increase in shipments of soybeans and commercial aircraft.
Donald Trump has said he would prefer to wait until after the November mid-term congressional elections before signing an updated NAFTA.
Mexican voters will stream to the polls this Sunday in a pivotal presidential contest, but leaders representing tens of thousands of indigenous people have vowed to block voting in their communities to protest a system they say has failed them.
GM is going ahead with its plan to manufacture the new Chevrolet Blazer SUV, a spokesman for the automaker said, despite criticism by Trump over making vehicles abroad.
The euro gained 0.4 percent to $1.1816, closing in on a two-week high of $1.1840 touched on Thursday.
Guajardo said the only way countries re-negotiating the NAFTA will find a solution is through “sufficient flexibility” to narrow differences.
The United States and European Union will establish a dialogue on trade within the next two weeks, a French official said.
Canada’s dollar will strengthen over the coming year as economic growth prompts the Bank of Canada to raise interest rates again, a Reuters poll showed.
Canada’s trade deficit in April shrank to a six-month low of C$1.90 billion ($1.47 billion), from C$3.93 billion in March, as exports climbed to a record high and imports dropped.