Trump Dismisses Urgency for U.S.-Canada Trade Deal, Markets Unfazed

President TRUMP downplayed prospects for a near-term trade agreement with Canada, stating the U.S. hasn't prioritized negotiations. "We haven't really had a lot of luck with Canada," he told reporters in Washington. "I think Canada could be one where they'll just pay tariffs, not really a negotiation." The remarks elicited minimal reaction from currency traders, as the Canadian dollar showed little movement.

Behind the scenes, Canadian officials met with Republican senators and Commerce Secretary Howard Lutnick in a bid to advance talks. However, Trump's comments made clear the WHITE House lacks Ottawa's urgency. Prime Minister Mark Carney had previously signaled willingness to walk away from unfavorable terms, noting Canada "will not accept a bad deal." With August deadlines appearing unrealistic and U.S. tariffs still pressuring Canadian industries, Ottawa's focus remains on damage mitigation rather than rushed concessions.