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Brexit, NAFTA making firms wary about investment: Canada finance minister

Reuters  |  LONDON 

(Reuters) - There are some parallels between the way companies in and Britain are holding back on investment as they wait for clarity on the re-of NAFTA and the outcome of talks on a deal, Canada's minister said on Monday.

"Certainly anecdotally in there are some businesses that are being cautious about investments because there is an expectation that NAFTA could be slightly different tomorrow than it was yesterday," said in a speech in

"I just assume that is a similar situation here. Hopefully (that's) one to be overcome as more clarity comes out."

Morneau reiterated that he hopes will have at least as good a trade arrangement with Britain after as now, taking the country's current CETA deal with the EU as a model.

(Reporting by David Milliken; Writing by William Schomberg; Editing by Alistair Smout)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 15:17 IST