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.
CRUDE WRAP: WTI (H6) SETTLES USD 0.44 LOWER AT USD 60.63/BBL; BRENT (H6) SETTLES USD 0.29 LOWER AT USD 65.59/BBL
Calumet's refinery in Shreveport, Louisiana (60k BPD) suffered from winter storm related issues
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
Cenovus (CVE) 172k bpd Lima refinery experienced mechanical issues caused by winter storm Fern, IIR reports
US aircraft carrier and warships reach the Middle East, Washington Post reports
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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.
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