Carney to meet Trump at World Cup draw as Canada-U.S. trade talks remain frozen

  • Little direct market impact, but the unresolved Canada-U.S. trade rift keeps mild downside pressure on CAD sentiment, particularly in sectors sensitive to tariff risk.
Trump Canada

Canadian Prime Minister Mark Carney will travel to Washington next week for the 2026 World Cup draw, where he expects to meet U.S. President Donald Trump.

Carney said the pair spoke briefly on Tuesday, but noted that trade negotiations remain stalled.

Talks were halted last month after Ontario aired an advertisement featuring former President Ronald Reagan warning that tariffs can trigger trade wars and economic damage. Carney said discussions on reviving the trade agenda in key sectors have not restarted.

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