Carney says Canada must reduce US reliance as tariffs reshape trade outlook

Former Bank of Canada Governor Mark Carney emphasized that Canada must diversify its trade relationships to reduce dependence on the U.S. amid escalating tariff tensions and shifting trade dynamics. This call for strategic reorientation is triggering a reassessment of long-term growth and investment flows, particularly in export-sensitive sectors, as market participants weigh the implications of potential trade diversion and supply chain adjustments. The Canadian dollar and equity markets with heavy U.S. exposure are especially vulnerable to changes in trade policy sentiment and cross-border capital reallocation. Traders are now focusing on the upcoming release of Canada’s merchandise trade balance data and any signals from Ottawa regarding new trade negotiations with non-U.S. partners as key near-term catalysts.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.