CANADA’S PM CARNEY SAYS HE LOOKS FORWARD TO MEETING TRUMP AT THE APEC SUMMIT IN CHINA, AND THAT THE U.S. IS NOW REQUESTING FEWER CONCESSIONS AND PROPOSING MORE, THOUGH A DEAL HAS NOT BEEN REACHED YET

Canadian Prime Minister Mark Carney said he looks forward to meeting U.S. President Donald Trump at the APEC summit in China, and characterized recent U.S. trade positioning as requesting fewer concessions while putting forward more proposals, though he stated no agreement has yet been reached. The headline points to a potential easing of North American trade friction, with the transmission channel running through trade-policy risk premia and tariff expectations rather than direct monetary or inflation repricing. Canadian dollar-linked assets, export-sensitive Canadian equities, and U.S.-Canada cross-border sectors such as autos, steel, energy, and agriculture would be most sensitive to any shift in tariff outlook, since these industries carry the greatest exposure to bilateral trade terms. Because the report describes negotiations as unfinished, the market reaction is likely to hinge on whether official U.S. or Canadian statements confirm substantive terms at or ahead of the APEC meeting. Traders should watch the Canadian dollar against the U.S. dollar and the next official readouts from the Office of the U.S. Trade Representative and Global Affairs Canada for concr

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