Last week, a series of signs emerged that Canada and the US are close to a trade deal. That was confirmed by the Canada-US ambassador who confirmed secret talks.
Last week, we also saw Canada hold off on retaliating on steel and Alberta put US liquor back on its liquor store shelves. I see all this as Canada laying the groundwork for a deal. From the sounds of it, this won't be a complete deal to extend the USMCA but it's likely to offer some certainty on autos, tariffs and steel.
In his comments though, Carney isn't exactly cozying up to Trump and that argues that any deal may only be temporary. In his comments, Carney highlighted a threat from the US.
"We should no longer spend 75% of our defense budget in the United States," he said.
This article was written by Adam Button at www.forexlive.com. Read More Details
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