Canada's Trade Minister LeBlanc says had a productive discussion with USTR Greer; Told Greer that Canada is not seeking a free trade deal with China

Canada's Trade Minister LeBlanc says had a productive discussion with USTR Greer; Told Greer that Canada is not seeking a free trade deal with China.

The remarks from Canada's Trade Minister suggest a strategic positioning towards the U.S. while cooling expectations on a trade deal with China. This could signal to markets that Canada is likely to maintain its close economic ties with the U.S., potentially benefiting the CAD and impacting USD/CAD dynamics. Additionally, the trade posture could influence broader geopolitical sentiment in forex markets, particularly against major currencies like the EUR and JPY.