Canada’s PM Mark Carney on Ongoing Trade Talks with the U.S.

Canada's Prime Minister Mark Carney has reaffirmed that negotiations with the U.S. remain active, despite recent remarks from former President Donald Trump. Carney dismissed the comments as part of the negotiation process, emphasizing that public statements should be viewed within that context. Bloomberg reports that Canada is committed to advancing the talks, which have now reached a critical phase.

Carney stressed that any agreement must deliver tangible benefits for Canada, though he acknowledged that not all U.S. tariffs on Canadian exports are likely to be lifted. "We’ll aim for the best possible outcome," he said, while cautioning that Ottawa must remain realistic about the concessions each side can make. The contrast between Canada’s position and recent deals by the EU and Japan—which include energy purchase commitments—adds complexity to the negotiations.

Speaking in Prince Edward Island, Carney hinted at a potential "landing zone" for a new deal but provided no specifics. He noted the multifaceted nature of the discussions, stating, "We have to find the right balance." The outcome of these talks could have broader implications for trade dynamics and market sentiment.