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Canada, U.S., Mexico sign revised NAFTA deal Trump says ‘changes the trade landscape forever’

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WASHINGTON—The leaders of Canada, the United States and Mexico signed their new trade agreement early on Friday, hailing the revised NAFTA as a win for all three countries — though Prime Minister Justin Trudeau emphasized continuity and U.S. President Donald Trump emphasized change.

Trudeau said he signed the agreement to preserve the “stability” of the Canadian economy, saying that making a deal “lifts the risk of serious economic uncertainty that lingers throughout a trade renegotiation process” and ensures most Canadian exports continue to be tariff-free.

He described the agreement, which maintains most of the provisions of the original North American Free Trade Agreement, as a “new NAFTA.” He said it would “protect” jobs and strengthen the middle class.

Trump, conversely, said the agreement “changes the trade landscape forever.” Highlighting specific new provisions of the deal, he said it would raise wages, “bring back” automotive manufacturing jobs and boost American farmers.

“This is an agreement that first and foremost benefits working people,” Trump said.

The current 24-year-old NAFTA will remain in place until the new agreement is ratified by all three countries’ legislatures. It is far from certain the U.S. Congress will indeed approve the new agreement, which has been criticized by both the Republicans who control the Senate and the incoming Democratic majority in the House of Representatives.

The Democrats took more than four years to approve trade deals struck by Republican president George W. Bush a decade ago. They are not expected to move quickly to approve Trump’s project.

Trudeau signed the document despite Trump’s refusal to immediately eliminated his tariffs on Canadian steel and aluminum. Canada’s ambassador to the U.S., David MacNaughton, had suggested earlier in November that Trudeau might not attend a ceremony unless the tariff issue was resolved.

Trudeau described last week’s factory cuts by General Motors as a “heavy blow.” Directly addressing Trump, he said, “Donald, it’s all the more reason why we need to keep working to remove the tariffs on steel and aluminum between our countries.”

But Trump has argued again this month that those tariffs have fuelled a comeback by the U.S. steel and aluminum industries. After the signing, U.S. trade chief Robert Lighthizer told reporters that negotiations are ongoing but that they see the tariffs as successful policy, CBC reported.

The new agreement is to be known as the USMCA (U.S.-Mexico-Canada Agreement) in U.S. law and CUSMA (with Canada first) in Canadian law.

The agreement sets rules governing dozens of industries. It keeps the overwhelming percentage of North American trade tariff-free.

Perhaps its most significant changes are related to the auto industry, for which Trump insisted on new protectionist provisions intended to wrest some manufacturing back from Mexico and overseas. The agreement includes a new rule, for example, that a car will only be freed from tariffs if 40 per cent or more of its contents are produced by workers earning $16 (U.S.) per hour or more.

Among other things, the agreement also lengthens copyrights for creative works and patent protection for certain sophisticated medicines, slightly opens up the protected Canadian dairy industry to U.S. access and eliminates the long-controversial “Chapter 11” provision between Canada and the U.S. allowing investors to sue governments for allegedly violating their rights.

Trudeau’s government has informally referred to the new agreement as a new NAFTA, noting that much of the original remains in place. Trump, who has called NAFTA the worst trade deal in world history, has wrongly insisted he is terminating NAFTA and replacing it with something entirely new.

Both Trudeau and Trump have taken criticism over the new agreement. The Canadian Conservatives have accused Trudeau of making too many concessions to Trump, who had threatened to “ruin” the Canadian economy unless he got his way. Canada’s dairy lobby urged Trudeau this week not to sign the agreement unless it was changed to give the U.S. less influence over the industry.

Trump, meanwhile, has taken criticism from all sides, with some Republicans saying the deal is too protectionist and some Democrats saying it does not do enough to enforce provisions meant to raise the lax Mexican labour standards they say is responsible for the decline in American manufacturing

When the three countries reached the deal at the end of September, Trump said he was not at all confident of obtaining congressional approval. He struck a more optimistic note on Friday, saying, “It’s been so well-reviewed, I don’t expect to have very much of a problem.”

The three countries continued to talk out the agreement all the way up to the signing ceremony.

“A vast number of technical details need to be scrubbed and wrapped up,” Foreign Affairs Minister Chrystia Freeland said on Thursday, the Canadian Press reported. “The fact that this is an agreement in three languages adds to the level of technical complexity and it is on that level that we are just being sure that all the Is are dotted and all the Ts are crossed.”

It is possible substantive negotiations will resume at some point. To placate critics of the original NAFTA negotiated under Republican president George H.W. Bush, Democratic president Bill Clinton negotiated “side letters” adding some new provisions.

Relations between the U.S. and Canada took repeated blows during the negotiation Trump initiated in August 2017, largely because of his public attacks on Trudeau. On Friday, the president described the prime minister as a friend.

“Battles sometimes make great friendships,” Trump said. He added later: “We’ve taken a lot of barbs and a little abuse, and we got there. It’s great for all of our countries.”

The agreement was signed by Mexican President Enrique Pena Nieto on his last day in office.

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Anglais

Nostalgia and much more with Starburst XXXtreme

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Get a taste of adventure with Starburst XXXtreme based on the legendary NetEnt Game. The nostalgic themes are sure to capture fans of the classic version as they get treated to higher intensity, better visuals, and features. The most significant element of the game is its volatility. Patience will not be an essential virtue considering the insane gameplay, and there is a lot of win potential involved. It retains the original makeup of the previous game while adding a healthy dose of adrenaline. 

Starburst Visuals and Symbols

The game is definitely more conspicuous than before. The setting happens over a 5-reel, 3-row game grid with nine fixed win lines, which function if a succession from the left to the right reel is present. Only those players that that attain the highest win per bet line are paid. From a visual standpoint, the Starburst XXXtreme slots illustrates lightning effects behind the reels, which is not surprising as it is inherited from the original version. Available themes include Classic, Jewels, and Space. The game is also available in both desktop and mobile versions, which is advantageous for players considering the global pandemic. According to Techguide, American gamers are increasingly having more engaging gaming experiences to socialize to fill the gap of in-person interaction. Starburst XXXtreme allows them to fill the social void at a time when there is so much time to be had indoors. 

Starburst XXXTreme Features

Players get to alternate on three features which are Starburst Wilds, XXXtreme Spins, and Random Wilds. The first appears on reels 2,3, or 4. When these land, they expand to cover all positions while also calculating the wins. They are also locked for a respin. If a new one hits, it also becomes locked while awarding another respin. Starburst XXXtreme offers a choice between two scenarios for a higher stake. In one scenario with a ten times stake, the Starburst Wild is set on random on reels 2,3, or 4, and a multiplier starts the respin. The second scenario, which has a 95 times stake, starts with two guaranteed starburst wilds on reels 2,3, or 4. it also plays out using respin game sequence and features. The game also increases the potential with the Random Wilds feature to add Starburst Wilds to a vacant reel at the end of a spin. Every Starburst Wild gives a random multiplier with potential wins of x2, x3, x5, x10, x25, x50, x100, or even x150.

The new feature is sure to be a big hit with the gaming market as online gambling has shown significant growth during the lockdown. AdAge indicates the current casino customer base is an estimated one in five Americans, so Starburst XXXtreme’s additional features will achieve considerable popularity. 

What We Think About The Game

The gambling market has continued to diversify post-pandemic, so it is one of the most opportune times to release an online casino-based game. Thankfully Starburst XXXtreme features eye-catching visuals, including the jewels and space themes. These attract audience participation and make the gameplay inviting. The game also has a nostalgic edge. The previous NetEnt iteration featured similar visuals and gameplay, so the audience has some familiarity with it. The producers have revamped this version by tweaking the features to improve the volatility and engagement. 

That is characterized by the potential win cap of 200,000 times the bet. Starburst XXXtreme does not just give betting alternatives for players that want to go big. The increase of multipliers also provides a great experience. If the respins in the previous version were great, knowing that multipliers can go hundreds of times overtakes the game to a new level. 

Players should get excited about this offering. All of the features can be triggered within a single spin. Whether one plays the standard game or takes the XXXtreme spin route, it is possible to activate all of the features. Of course, the potential 200,000 times potential is a huge carrot. However, the bet size is probably going to be restricted and vary depending on the casino. It is also worth pointing out that a malfunction during the gameplay will void all of the payouts and progress. Overall, the game itself has been designed to provide a capped win of 200,000 times the original bet. 

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Anglais

‘We’re back’: Montreal festival promoters happy to return but looking to next year

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In downtown Montreal, it’s festival season.

In the city’s entertainment district, a musical act was conducting a sound check on stage Friday evening — the second day of the French-language version of the renowned Just For Laughs comedy festival. Tickets for many of the festival’s free outdoor shows — limited by COVID-19 regulations — were sold out.

Two blocks away, more than 100 people were watching an acoustic performance by the Isaac Neto Trio — part of the last weekend of the Festival International Nuits d’Afrique, a celebration of music from the African continent and the African diaspora.

With COVID-19 restrictions continuing to limit capacity, festival organizers say they’re glad to be back but looking forward to next year when they hope border restrictions and capacity limits won’t affect their plans.

Charles Décarie, Just For Laughs’ CEO and president, said this is a “transition year.”

“Even though we have major constraints from the public health group in Montreal, we’ve managed to design a festival that can navigate through those constraints,” Décarie said.

The French-language Juste pour rire festival began on July 15 and is followed by the English-language festival until July 31.

When planning began in February and March, Décarie said, organizers came up with a variety of scenarios for different crowd sizes, ranging from no spectators to 50 per cent of usual capacity.

“You’ve got to build scenarios,” he said. “You do have to plan a little bit more than usual because you have to have alternatives.”

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Anglais

MELS new major movie studio to be built in Montreal

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MONTREAL — MELS Studios will build a new film studio in Montreal, filling some of the gap in supply to meet the demand of Hollywood productions.

MELS president Martin Carrier said on Friday that MELS 4 studio construction will begin « as soon as possible », either in the fall or winter of next year. The studio could host productions as early as spring 2023.

The total investment for the project is $76 million, with the Quebec government contributing a $25 million loan. The project will create 110 jobs, according to the company.

The TVA Group subsidiary’s project will enable it to stand out « even more » internationally, according to Quebecor president and CEO Pierre Karl Péladeau. In the past, MELS Studios has hosted several major productions, including chapters of the X-Men franchise. The next Transformers movie is shooting this summer in Montreal.

Péladeau insisted that local cultural productions would also benefit from the new facility, adding that the studio ensures foreign revenues and to showcase talent and maintain an industry of Quebec producers.

STUDIO SHORTAGE

The film industry is cramped in Montreal.

According to a report published last May by the Bureau du cinéma et de la télévision du Québec (BCTQ), there is a shortage of nearly 400,000 square feet of studio space.

With the addition of MELS 4, which will be 160,000 square feet, the company is filling part of the gap.

Carrier admitted that he has had to turn down contracts because of the lack of space, representing missed opportunities of « tens of millions of dollars, not only for MELS, but also for the Quebec economy. »

« Montreal’s expertise is in high demand, » said Montreal Mayor Valérie Plante, who was present at the announcement.

She said she received great testimonials from « Netflix, Disney, HBO and company » during an economic mission to Los Angeles in 2019.

« What stands out is that they love Montreal because of its expertise, knowledge and beauty. We need more space, like MELS 4, » she said.

There is still not enough capacity in Quebec, acknowledged Minister of Finance, the Economy and Innovation Eric Girard.

« It is certain that the government is concerned about fairness and balance, so if other requests come in, we will study them with the same seriousness as we have studied this one, » he said.

Grandé Studios is the second-largest player in the industry. Last May, the company said it had expansion plans that should begin in 2022. Investissement Québec and Bell are minority shareholders in the company.

For its part, MELS will have 400,000 square feet of production space once MELS 4 is completed. The company employs 450 people in Quebec and offers a range of services including studio and equipment rentals, image and sound postproduction, visual effects and a virtual production platform.

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