USTR Greer and Canadian negotiators are to meet at 12:15 ET (17:15 BST) in Washington

Scheduled bilateral trade meetings of this kind are the routine building blocks of tariff and trade negotiation cycles, and on their own rarely carry a headline outcome; the established pattern is that readouts, not the meeting itself, move the currency. For CAD the transmission channel is direct: the currency has historically traded as a proxy for the state of US-Canada trade relations, weakening on escalation headlines and recovering on signs of de-escalation, with the move concentrated in spot rather than rates. The worth-watching elements are the standard tells from episodes of this kind: whether the session runs over or is cut short, whether a joint statement or only a one-sided readout follows, and whether the language references deadlines, sectoral carve-outs, or escalation. Prior form in these negotiation cycles is that leaks and counter-leaks often precede the official readout, so headline risk typically runs both ways around the scheduled window. Absent a concrete announcement, this is positioning context rather than a tradeable event in itself.