Carney was at the White House last Tuesday and there was hope for something a bit more concrete by now.
Canada is mainly aiming to lower steel and aluminum tariffs but there is also the talk of a revival of the Keystone XL pipeline, something that’s in the news again today.
The owner of the pipeline project is now South Bow, after a spinoff from TC Energy. It could stand to benefit from a revival.
I spoke with Reuters about the US-Canada trade negotiations yesterday:
“The market for CAD is pricing in some kind of deal but the contours of that are impossible to estimate,” said Adam Button, chief currency analyst at investingLive. “There’s a lot riding on this … this is the dress rehearsal for the big negotiation.”
That’s referring to USMCA, which will be reopened in July.
Also of note from Carney:
- We are restarting a broad engagement with China
- Expects to meet the senior Chinese leadership in the coming month
This article was written by Adam Button at investinglive.com.