Wilkins indicated the central bank may be forced to raise interest rates if talks to renegotiate the North American Free Trade Agreement fail, saying protectionist measures could spur inflation.
"We can't imagine a situation in which an American TV company or network could come up and buy radio stations or buy CTV, for example", Trudeau said Wednesday in an interview with CHED.
Officials for both sides are scheduled to meet in Washington on Wednesday in a bid to settle some major differences.
But for Canada there is no urgency, Leblond said.
Whether Trump could make good on that threat remains an open question.
Trump hinted there might be progress towards a deal with Canada.
William Reinsch, a former Commerce Department trade official, said the Canadians are enduring Trump's abuse to secure a deal that preserves a lucrative continental trading bloc.
Strawberry, pepper and tomato farmers, who've sparred with their Mexican counterparts over winter imports for years, argued that the deal does little or nothing to stop Mexican farmers from flooding the US market with below-cost produce.
Canada and the U.S. need to present a text to the U.S. Congress by October 1 in order to join the deal the Trump administration signed with Mexico last week, trade analysts say.
Dan Ujczo, an Ohio-based trade lawyer with Dickinson Wright, said while getting rid of the cultural exemption seems to fit with Lighthizer's philosophy, he can't see Trump holding up an otherwise good deal because of it.
'House of Cards': Frank Underwood Dead in Season 6 - Kevin Spacey
In its initial report on the D.A. reviewing the case, THR noted that it was the second case against Spacey presented to the D.A. The former House of Cards star has been accused by multiple men of sexual assault and misconduct during the #MeToo movement.
The North American auto industry is a sum of parts made and assembled in Mexico, the US and Canada.
Speaking to reporters later at the Northern Alberta Institute of Technology, the prime minister repeated that he will not accept a NAFTA deal that is bad for Canadians.
Data released on Wednesday showed the USA trade deficit hit a five-month high of US$50 billion.
A week ago, the US and Mexico reached an agreement on revisions to the current North American Free Trade Agreement (NAFTA), which Trump and the unions alike have criticized as a "disaster" (in Trump's words) or "devastating" (in Trumka's) for USA workers.
"We need to keep the Chapter 19 dispute resolution because that ensures that the rules are actually followed".
Trudeau made clear, however, he would insist on keeping the so-called Chapter 19 dispute-resolution mechanism that Washington wants to scrap.
The Trump administration last week reached a tentative deal with Mexico that updates the quarter-century-old NAFTA by incorporating labor and environmental chapters as well as intellectual property protections that were not part of the original pact.
The battle with Canada is building as the White House also prepares to roll out new tariffs on products from China that make up some US$200 billion in annual trade in the most significant batch of duties yet aimed at Beijing.
Trump has threatened to push ahead with a bilateral deal with Mexico, effectively killing the nearly 25-year-old three-country NAFTA pact, which covers $1.2 trillion in trade.
"The government of Canada will not sign a deal unless it's good for Canada and good for Canadians", Canadian Foreign Minister Chrystia Freeland said Friday.
The emergence of the cultural exemption as a bone of contention at this stage in the talks surprised those who have followed NAFTA closely.
Lighthizer's report said American networks had concerns about the CRTC policy: "U.S. suppliers of programming believe that the price Canadian networks pay for Super Bowl rights is determined by the value of advertising they can sell in Canada, and that the CRTC's decision reduces the value of their programming". Mexico is also taking on a leadership role in the Alliance of the Pacific, a grouping of Latin American countries linked by free markets, while Canada past year struck a comprehensive trade deal with the European Union.