Trump says U.S. is not prioritizing a trade deal with Canada
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Whether President Donald Trump will renegotiate the country’s trade agreement with Mexico and Canada remains to be seen, but the threat is already affecting commerce on the border.
Canada’s major pension funds could boost their investments in the US, a top Canadian cabinet minister said, as the country looks to negotiate a trade agreement with the Trump administration.
The Canadian dollar weakened against its U.S. counterpart on Friday as optimism waned that Canada would reach a trade deal with the United States before an August 1 deadline and ahead of a Bank of Canada interest rate decision.
The US president's remarks come after Canadian Prime Minister Mark Carney signalled earlier this week that Canada "will not accept a bad deal".
Canada’s prime minister sought to cool expectations about reaching a trade agreement with the US in the next 10 days, saying the talks are difficult because the Trump administration keeps changing its goals.
Canada's main stock index edged higher on Friday, led by technology shares, even as U.S. President Donald Trump suggested the United States may not reach a negotiated trade deal with Canada.
With Canada facing a looming US deadline, can the economy handle another potential trade shock? TD Deputy Chief Economist Derek Burleton shares his views.