CAD: No free trade deal with China – BNY

FXStreet Insights Team FXStreet

Canada's Prime Minister Mark Carney has stated that Ottawa has no intention of pursuing a free trade agreement with China. This comes amid President Trump's threats of punitive tariffs. The Canadian government aims to focus on resolving specific trade frictions instead. Bob Savage, Head of Markets Macro Strategy at BNY notes.

Trade relations with China

"Canada says it has 'no intention' of pursuing a free trade deal with China."

"The Trump administration is to take a 10% stake in USA Rare Earth as part of a $1.6bn debt-and-equity investment package aimed at helping the company develop a domestic mine and magnet facility."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

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