- Canada chose a talented person
- Oval office improved with the help of gold ; )
- Houthis don't want to fight anymore
- We will stop bombing
- We will discuss Ukraine
- We will have a very big announcement before middle east trip
- Announcement will be made Thursday, Friday or Monday before we leave.
- USMCA is still very effective.
- USMCA was a transitional step
- We'll possibly start to renegotiate USMCA
- We will be friends with Canada
- Being 51st state would be a massive tax cut, free military. I do feel it will be much better for Canada
- Want to protect auto industry business
- We have tremendous amounts of energy.
- On sale of Canada to US, "Time will tell"
- China wants to negotiate and we will meet at the right time
- Massive amount of companies are moving into the United States
- Could have $9 trillion of investment in the United States
- The announcement over next few days not necessarily on trade
- On trade deals, were not chaotic, we are flexible.
- On India, not going to put up with high tariffs from India
- Think of US as a super luxury store.
- USMCA is fine. It's there. It's good.
- Some things of USMCA will have to change.
- We won't do much business with Canada
- Dealing more with concepts right now
- They are paying tariffs and steel right now
- We dont really want cars from Canada
- At some point it won't make economic sense for Canada to build these cars
- There is no reason for us to subsidize Canada
- We subsidize Canada $200B a year.
Carney:
- You are a transformational leader
- I have been elected to transform Canada with focus on the economy.
- History is Canada – US stronger when we work together
- Canada is not for sale and would never be for sale
- My government is commited for a step change in providing international security
- Some things on USMCA will have to change.
- This is a bigger discussion which will take time.
For what it is worth, Trump ended by saying US subsidizes Canada by $200B per year which is a little high.
The US/Canada goods deficit is more like $63.3 billion in 2024 with a trader surplus of $31.7 billion for a net deficit of about $32B.
For NATO, it is calculated that Canada owes around $20B more per year. So overall, the $200B is exaggerated.
The USDCAD has moved lower and trades to a new low for the year and looks to the 61.8% of the move up from the 2023 low. That level comes in at 1.37415.
USDCAD technicals
US stocks
