Canada plans joint trade talks with U.S., Mexico says finance minister

Canada's finance minister Bill Morneau said Canada planned bilateral and trilateral talks with the United States and Mexico over their trade agreements, which president-elect Donald Trump had criticized and threatened to scrap.

"We have an enormous stake in the success of our relationship with the U.S. and with Mexico: our supply chains are intertwined, we've developed a very successful economic unit over the course of the last twenty years," Morneau said at the London School of Economics on Tuesday.

"We will work with the U.S., and this would go with any administration," he said. "We expect Mexico will be part of that discussion."

Morneau said the advantages the three countries have in trading were demonstrable. Mexico, the U.S. and Canada together make up the North American Free Trade Agreement (NAFTA), a trade body formed in 1994.