Canadian Trade Minister says Canada continues to have trade talks with its US counterparts; are going to find a deal with the US at some point that is in the interest of the entire Canadian economy
Newsquawk Staff ·
Canadian Trade Minister says Canada continues to have trade talks with its US counterparts; are going to find a deal with the US at some point that is in the interest of the entire Canadian economy.
What it means
Bilateral trade rhetoric of this kind, reassuring in tone but devoid of specifics, is the standard filler of an unresolved negotiation: officials on both sides of the Canada-US file have historically alternated between conciliatory language and pointed threats as leverage ebbs and flows, and CAD has tended to trade on the shifts in tone rather than on any single comment. The recurring pattern is that such statements matter less for their content than for what they do not say: no timeline, no framework, no named contentious items, which in past episodes has signalled talks remain in the holding pattern rather than the endgame. The transmission to CAD and to rate expectations runs through the tariff assumption embedded in the Bank of Canada's outlook, so the tells are whether language like this precedes a formal negotiating round, whether sector-specific exemptions (autos, lumber, dairy, energy) start being named, and whether US counterparts confirm or contradict the constructive read. Until one side tables text, the established pattern is two-way headline risk with a fade toward the status quo.
- China's Ministry of Commerce expressed firm opposition to US sanctions imposed on Oct 19 against five Chinese enterprises under the Protect American Intellectual Property Act over alleged trade secret theft.
- China's Commerce Ministry, on US order on DeepSeek, says China firmly opposes this and US move is discriminatory, politicises tech and trade issues under guise of national security
- Dalian Commodity Exchange says hog futures have seen large price swings; urges members to strengthen investor education and risk controls; says investors must participate rationally and in compliance
- US Secretary of State Rubio says a trade agreement with India is close to completion, with only a few items yet to discuss
- China's Foreign Minister, on US agencies removing AI tools with DeepSeek, says China will firmly safeguard interests of Chinese firms
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