Canada and US Plan to Outline New Trade Deal in Coming Weeks
Published
Prime Minister Mark Carney says he has spoken with United States President Donald Trump about trade between the two countries. Carney said both sides will work on a "mutually beneficial" trade deal, and the two governments expect to outline a plan in the coming weeks.
Canada and the United States are each other's largest trading partners. Millions of jobs in both countries depend on the flow of goods and services across their shared border. In recent months, tariffs and other trade measures have created uncertainty for many Canadian businesses, especially in key industries such as manufacturing, energy, and agriculture.
Carney's comments suggest that both governments want to reduce this uncertainty. Details of the proposed agreement have not yet been made public. Officials have not said which products or sectors would be included, or how tariffs might change under the new plan.
For Canadians, the outcome of these talks could affect prices, exports, and employment. Business leaders and workers will be watching the announcement closely in the weeks ahead.
Sources: Bloomberg.com
More Canada news
- CGI Earnings Rise 9% as Investors Compare Canadian Tech Stocks
- Canada's Economy Grew in Second Quarter, But Fraser Institute Says Headlines Are Misleading
- AI and Virtual Reality Help Bring Memories Back for People with Dementia
- Canada Names First CEO for New Canada Strong Fund
- Ottawa Restores Sanctions on Iran That Were Lifted a Decade Ago
- Canada Plans Funding to Prepare for Major Earthquakes in Next Federal Budget
- Carney Issues Warning to China, According to The Globe and Mail
- Fewer Than 4,400 Second World War and Korean War Veterans Remain Alive in Canada