Canada’s PM Carney: Trade talks with US had been very detailed and very specific

Sagar Dua FXStreet

Canadian Prime Minister Mark Carney said after meeting with United States (US) President Donald Trump that trade talks had been ‘very detailed and very specific’.

Additional comments

No contact with Trump since Thursday.

Ready to sit down when the US is ready to sit down.

We are always ready to do this.

There were series of detailed very specific discussions up until the point Ontario ads ran.

Ready to pick up on those discussions when the US is.

We provide essential goods to the US economy and create room for them.

There is a very strong trading relationship with the US.

We are not resting because the opportunities internationally are considerable.

We have a contingency plan if Trump doesn't want to negotiate.

Regarding the Ontario ad situation we have to keep your cool in these situations, doesn't pay to be upset.

Haven't seen specifics about the additional 10% US tariff.

There is tremendous value in negotiations with the US.

Will only agree to a deal in the best interest of Canadians.

Will meet with Chinese President Xi at APEC.

Will discuss bilateral ‘commercial relationship’ with Xi.

Market Reaction

USD/CAD trades 0.16% lower around 1.3975 at the time of writing amid weakness in the US Dollar (USD).

Canadian Dollar Price Today

The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the weakest against the Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.10%	-0.28%	-0.09%	-0.15%	-0.69%	-0.25%	0.01%
EUR	0.10%		-0.15%	0.02%	-0.04%	-0.55%	-0.15%	0.16%
GBP	0.28%	0.15%		0.18%	0.12%	-0.38%	0.00%	0.31%
JPY	0.09%	-0.02%	-0.18%		-0.08%	-0.62%	-0.16%	0.10%
CAD	0.15%	0.04%	-0.12%	0.08%		-0.53%	-0.10%	0.20%
AUD	0.69%	0.55%	0.38%	0.62%	0.53%		0.41%	0.70%
NZD	0.25%	0.15%	-0.00%	0.16%	0.10%	-0.41%		0.28%
CHF	-0.01%	-0.16%	-0.31%	-0.10%	-0.20%	-0.70%	-0.28%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

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