Carney Says US Trade Talks to Intensify as Washington Asks Less and Offers More
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
- Carney: US trade talks to become more intensive
- US ‘asking less, offering more’, but no deal yet
- Some red lines remain; 50% US tariff still in place
- CAD gets modest support; no timeline limits impact
Canadian Prime Minister Mark Carney said on Tuesday that trade discussions with the United States will become more intensive, as the two countries resume negotiations after an earlier round collapsed. He said the US is “asking less” and “offering more”, and that some of Canada’s limits in the talks have been eliminated. Carney cautioned that a deal has not yet been reached, that key issues and some red lines remain, and no timeline was given. Commentary on the remarks suggested they offer modest support for the Canadian dollar, since any easing of the 50% US tariff would ease pressure on exporters and the growth outlook. With no deadline, the scope for a trade-deal premium in CAD looks limited, and USD/CAD may stay more sensitive to the US midterm results and oil prices.