-- 野村證券表示，預計加拿大最終將與美國達成貿易協議，但同時指出，美墨加協定（CUSMA）重新談判最有可能的結果是建立一個更具附加條件的框架，以保留現有協議的核心內容。 野村證券在近期的報告中寫道，轉向年度審查或縮小豁免範圍將使市場波動制度化，並對經濟成長構成壓力，但其影響小於協議完全破裂的情況。 野村證券指出，下行風險依然較高，並表示美加之間的談判進展似乎比美墨之間的談判更為緩慢；雙方仍存在一些貿易摩擦尚未解決；此外，美國總統川普威脅稱，如果加拿大未來與中國達成任何貿易協議，美國將對其加徵額外關稅。 野村證券認為，雙方都有達成協議的動機。該行表示，談判徹底破裂可能會使加拿大陷入衰退，因為加拿大在短期內無法有效地擺脫對美國的依賴。報告也指出，考慮到國內的消費能力問題，美國也有理由避免通膨加劇和秩序混亂的局面。
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