Canada and US near completion of trade deal as deadline approaches

Prime Minister Carney said the latest round of trade negotiations has achieved “significant progress,” as the two nations work to finalize remaining issues before a newly set weekend deadline for tariff adjustments. The statement was made during a press briefing on Thursday, where Carney emphasized that both sides are focused on resolving outstanding points that have delayed the implementation of the agreed‑upon tariff schedule.

Negotiators are now concentrating on the final details of market access, rules of origin and dispute‑resolution mechanisms, with the goal of meeting the deadline that will determine whether the provisional tariff reductions take effect. Officials from both governments have indicated that, if the deadline is met, the revised tariff framework could boost bilateral trade flows and provide greater certainty for businesses operating across the border.