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Canadian dollar up on NAFTA agreement, Nikkei hits 27-year high

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - The Canadian dollar and the Mexican peso rose and Japanese shares hit 27-year highs on Monday after the United States and Canada reached a framework deal to update the North American Free Trade Agreement.A Canadian source confirmed the two countries reached a deal, with Canada agreeing to a side-letter arrangement effectively capping automobile exports to the United States.Japan's Nikkei rose as much as 0.8 percent to climb a tad above the 27-year high reached on Friday, and it ended the morning session 0.6 percent ahead.U.S. stock futures also gained 0.5 ...

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First Published: Mon, October 01 2018. 08:39 IST