Trade negotiations between Canada and the United States are gaining momentum after nearly two months of stalled discussions, although a deal before the November 3 US midterm elections remains uncertain.
According to Global News, multiple sources familiar with the negotiations said talks were “moving quickly” at the political level, with Canadian Trade Minister Dominic LeBlanc leading discussions.
However, formal negotiations between trade representatives have not yet resumed.
Sources cited by the outlet said both countries are exploring an agreement that could reduce US President Donald Trump’s tariffs on Canadian steel and automobiles.
Canadian Prime Minister Mark Carney confirmed on Monday that Canada remains open to an agreement but will not accept terms that undermine its economic interests.
“Canada is ready to sign an agreement that is in the interest of Canadians, all Canadians,” Carney said.
He added that Canada had rejected an earlier proposal in August because it failed to meet the government’s conditions.
Key disagreements include Canada’s ability to negotiate trade agreements with other countries and the scope of American tariffs on Canadian steel, aluminium and vehicles.
Carney suggested Washington had already softened some of its earlier demands.
Despite the progress, sources remain doubtful that an agreement can be finalised before the midterms.
Trump’s tariffs have also become a political concern for Republicans, particularly in closely contested Senate races in Michigan and Maine.
