Canada prepared for mutually beneficial US trade deal, says Carney

Mark Carney, the former governor of the Bank of Canada and current chair of the Bank for International Settlements, said Canada is prepared to finalize a trade arrangement that delivers mutual benefits for businesses and workers on both sides of the border. Speaking at a bilateral economic forum in Ottawa, Carry emphasized that the Canadian government is seeking a deal that safeguards employment, supports competitive industries, and enhances cross‑border investment while addressing the concerns raised by stakeholders in both countries.

Carney’s remarks come as the United States and Canada continue to refine the terms of the United States‑Mexico‑Canada Agreement (USMCA) and explore additional bilateral initiatives aimed at modernising trade in sectors such as automotive manufacturing, agriculture, technology, and clean energy. Canadian officials have highlighted the importance of maintaining labour standards, protecting supply‑chain resilience, and ensuring that any new provisions do not disadvantage domestic workers. The United States has indicated a willingness to engage in discussions that align with its own economic priorities, setting the stage for negotiations that could culminate in a comprehensive agreement before the end of the fiscal year. If successful, the deal would reinforce the long‑standing economic partnership between the two nations and provide a framework for future cooperation.