Canadian Minister for US Trade Le Blanc says private government to government conversations on USMCA are not discouraging

• There has always been bilateral arrangements between US, Canada and Mexico. 
• Is not pessimistic about eventual bilateral sector arrangements with the US. 

Minister Le Blanc's comments suggest a cautiously optimistic outlook on USMCA discussions, signaling that private talks between Canada and the US remain constructive. This implies potential stability in trade relations, which could support Canadian and Mexican assets, particularly in sectors linked to bilateral trade. Overall, it signals that any fears of escalating trade tensions may be premature.