Carney says talks with Trump on trade were constructive, teams to work on a deal

what happened

Canada's Prime Minister Mark Carney said on Sunday that he had a productive call with US President Donald Trump about the future of trade between the two countries, according to Reuters. The neighbours have been locked in a trade dispute for some time.

Carney said the exchange built on recent constructive talks about the broad outlines of a mutually beneficial agreement. In a post on the social platform X, he argued that such a deal would create jobs, make living costs easier to bear and fully respect Canada's languages, culture and sovereignty.

"Our teams will now be working in the coming weeks to deliver that outcome," he said.

why it matters

The terms of any possible agreement have not been disclosed, so markets are likely to wait for concrete steps from negotiators. For the Canadian dollar and exporters, the key question is how quickly both sides move from statements to documents. The news sets a positive tone for talks but does not yet change the economic outlook.

market impact

Canadian dollar and exporter stocks: hopes of a deal ease trade-war risk between the two countries

tags

instruments