PM Mark Carney Starts Address to the Economic Club of New York In French "Because Canada Is a Proudly Bilingual Country"

Canada PM Mark Carney Will Soon Address the Economic Club of New York

Canada PM Mark Carney Will Soon Address the Economic Club of New York

Market Chatter: It's Crunch Time For Canada's Trade Deal With the U.S. and Mexico

Sluggish trade negotiations between Canada and the U.S. are finally showing faint signs of life as a milestone looms for renewal of their three-way trade deal with Mexico, Mike Crawley is reporting for Canada's CBC News on Thursday.The minister responsible for Canada-U.S. trade, Dominic LeBlanc, is planning to travel to Washington, D.C., for trade talks, although his spokespeople haven't confirmed a date, Crawley noted.Although the Canada-U.S.-Mexico Agreement (CUSMA) is due for its first-ever joint review on July 1, LeBlanc has held just one day of in-person talks over the past seven months with his Trump administration counterpart, U.S. Trade Representative Jamieson Greer, he also noted.The slow pace of negotiations, along with the way U.S. President Donald Trump's tariff regime has punched holes in the free-trade deal, have combined to raise doubts about the fate of an agreement that is crucial to the Canadian economy, Crawley said.CUSMA covers roughly $1.3 trillion in annual Canada-U.S. trade in goods and services and currently shields a large swathe of Canadian exports from Trump's tariffs. According to the text of the agreement, the three countries are to notify each other of changes they want made by next Monday, one month ahead of the formal review, which comes six years after the sweeping trade deal took effect, Crawley noted.This comes as CBC TV notes PM Mark Carney will pitch Canada as an investment hub at New York's Economic Club today. Carney will outline the federal government's new economic strategy ahead of the CUSMA review, it says.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)