The existing Comprehensive and Economic Trade Agreement (CETA) deal will be ‘rolled over’ as a short-term transitional agreement (small changes are being made to language to accommodate CAD-UK only trade as the original CETA was made when the UK part of the EU).
the deal must be approved by both governments (Canada’s Parliament must approve new legislation)
there is no end date or sunset clause for the transitional agreement, but the intention is to renegotiate a permanent agreement to replace it during 2021.
At the margin a positive. Eyes are on the far more contentious UK-EU trade deal desicussions.