|

Canada's Carney: We are ready to meet with Trump when there's respect for Canada's sovereignty

Mark Carney, the candidate who has been tapped to replace incumbent Prime Minister Justin Trudeau, has signalled that he and the Canadian administration responsible for cross-border discussions are ready and prepared to begin holding meetings with their US counterparts, and US President Donald Trump specifically to discuss trade matters. However, incoming PM Carney has fired a shot across Trump's bow, warning that Canada may not be coming to the talks table with the somber, begging approach that President Trump may be hoping for. Future-PM Carney noted that Trump is expected to respect Canada's sovereignty as the nation remains unavailable and uninterested in being 'acquired' by the US.

Key highlights

We are ready to sit down with the US government and with Trump to discuss tariffs and trade.

I am ready to meet with Trump, looking for a common approach.

I'm ready to sit down with Trump at the appropriate time, when there's respect for Canadian sovereignty.

Author

Joshua Gibson

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

More from Joshua Gibson
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD trims losses and returns to the 1.1750 area

The US Dollar resumed its decline in the American afternoon, helping EUR/USD trim early losses. The pair trades around 1.1750 as market participants gear up for the European Central Bank monetary policy decision and the United States Consumer Price Index.

GBP/USD flirts with 1.3400 after nearing 1.3300

The GBP/USD changed course after dipping with UK inflation data, and trades near the 1.3400 mark, as investors expect the Bank of England to deliver a 25 basis points interest rate cut after the two-day meeting on Thursday.

Gold maintains its positive momentum, trades around $4,330

The XAU/USD pair gained on a deteriorated market mood, trading near its weekly highs near $4,340. The bright metal advances with caution as market players await first-tier events in Europe and hte United States.

Bitcoin risks deeper correction as ETF outflows mount, derivative traders stay on the sidelines

Bitcoin (BTC) remains under pressure, trading below $87,000 on Wednesday, nearing a key support level. A decisive daily close below this zone could open the door to a deeper correction.

Monetary policy: Three central banks, three decisions, the same caution

While the Fed eased its monetary policy on 10 December for the third consecutive FOMC meeting, without making any guarantees about future action, the BoE, the ECB and the BoJ are holding their respective meetings this week. 

Crypto Today: Bitcoin, Ethereum, XRP slide further as risk-off sentiment deepens

Bitcoin faces extended pressure as institutional investors reduce their risk exposure. Ethereum’s upside capped at $3,000, weighed down by ETF outflows and bearish signals. XRP slides toward November’s support at $1.82 despite mild ETF inflows.