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Trump says US and Canada have ‘concept’ of a deal, two days before midterms

Reported · Written up by our desk · Major Pairs

Taken at face value, a thaw in US-Canada trade relations would support the Canadian dollar and trade-exposed Canadian equities, which have carried the cost of months of tit-for-tat tariffs. Markets are likely to discount the headline until there is text to read, though, because neither side has said what tariffs would change or when. The timing, two days before midterms in which tariffs on Canada are a live issue in some border states, also invites scepticism over how much is policy and how much is campaign messaging. Any detail from the negotiating teams in the coming weeks will

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