That bar for today's meeting between the North American leaders was to avoid a meltdown and as the picture above shows, it went well enough.
If you are a CAD bull, you would have hoped for some positive talk about a reset and a North American bloc but that wasn't really the case. If you are a CAD bear, you would have hoped for a damaging breakdown.
"I think we established a good basis today," Carney said.
I fear that a nine-day stock market rally has emboldened Trump to push harder on tariffs and that's going to make trade deals with allies a very tough proposition.
More from Carney:
There were no decisions on tariffs todayIt is a very complex situationI was clear with Trump that Canada will never be for saleWe made progress, had very comprehensive, tangible exchangesThere will be meetings between ministers and officialsProgress would not necessarily be evident during negotiations This article was written by Adam Button at www.forexlive.com. Read More Details
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