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Canada hasn’t yet closed door on U.S. trade deal ahead of midterms: Report
Officials say talks are moving, but they caution that any deal remains uncertain as tariff pressure grows before the U.S. midterms.
Canadian officials have not ruled out a snap trade deal with the United States before next month's midterm elections, though Trade Minister Dominic LeBlanc cautioned that the hope remains faint.
Talks between the two countries abruptly ended in August when Prime Minister Mark Carney recalled negotiators, prompting the White House to impose a fresh round of tariffs.
Sources say trade discussions are "moving," with U.S. Secretary of Commerce Howard Lutnick and an advisory committee noting that U.S. public opinion is finally turning in Canada's favour.
On Tuesday, U.S. Ambassador to Canada Pete Hoekstra told an industry event that the U.S. does not view the relationship as "ruptured," clashing with Canadian officials' characterizations.
Chief Trade Negotiator Janice Charette warned the Toronto business community that even with a snap deal, Canada is in a permanent transition to a new trading relationship.