World trade is going through a seismic shift — and nobody knows how it will end up

OTTAWA — In the gaps between NAFTA negotiations and U.S.-Canada interest-rate ponderings, Brexit remains a painfully present problem that could fill any economic void with even greater global uncertainty.

At the same time, the slow slog of talks on the make-up of a new free-trade pact between North America’s three economies seems to have lost some of its direction in the process — leaving monetary policymakers to plod along for themselves or, as we have often seen recently, wait for...

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