Carney says engaged in ‘deep negotiation’ with US on several sectors

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.

This article was written by Adam Button at investinglive.com.