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OTTAWA — Pressure is ramping up on Ottawa to conclude North American Free Trade Agreement talks, as trade uncertainty continues to complicate major capital investments in Canada and as U.S. officials threaten fresh tariffs on steel and aluminum imports.

Canada, the United States and Mexico failed to reach an agreement on NAFTA last week, after widespread speculation negotiators were nearing a deal. The three countries have now agreed to continue talks on May 7.

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The extension of NAFTA talks comes as officials blow past a crucial deadline, potentially saddling Canada with heavy tariffs and edging negotiators closer to the Mexican general election in July, which observers say could grind negotiations to a halt.

Canada could now face steep tariffs on its steel and aluminum exports as early as Tuesday, May 1, after the Trump administration said it would impose hefty duties on Canadian and Mexican imports if the three countries couldn’t meet a deal before that date.