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Trump says a U.S.-Canada trade deal is "very close" and Mark Carney says teams will work in the coming weeks to deliver it, the most upbeat either side has sounded since talks collapsed in August. The Canadian dollar has risen on rate hikes and higher oil prices rather than on confirmed tariff relief.
Issues such as truck tariffs and earlier threats remain unresolved.
A deal would lower trade friction for Canadian exports, which are heavily reliant on the U.S. market, and could ease pressure on canola and meal flows. Until concrete terms emerge, the loonie is the best real-time gauge of credibility, and it is firming.
ainvest.comNov 2, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
