Carney: Sectoral deals are unlikely, talks likely to roll into USMCA review

Canada's attempts to secure a deal for steel and aluminum producers have fallen through despite initial optimism and positive comments from leaders during high-profile meetings. U.S. Trade Representative Jamieson Greer outlined specific demands from the U.S. for extending the USMCA for another 16 years, including access to Canada's dairy market and addressing various trade barriers. The ongoing difficulty lies in alignments between North American policies and market access restrictions from the U.S. Despite these challenges, the Canadian dollar has seen strong performance against the U.S. dollar this year and is approaching a three-month low, reflecting market sentiments and potential impacts from these trade negotiations which must be monitored closely.