# Trump floats 'concept' of US-Canada deal including pipeline

> Trump said his administration has a 'concept' for a new trade agreement with Canada, after speaking with Prime Minister Mark Carney. Trump said the deal would include reviving the Keystone XL pipeline, though how that would happen is unclear. Canada and the US have imposed tariffs on each other in recent months.

- Date: 2026-11-02 · published 2026-11-03T00:14:54.124Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/76497-trump-floats-concept-of-us-canada-deal-including-pipeline
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A deal could ease tariffs on Canadian canola and other agricultural trade, which would support Canadian oilseed exports and prices. Details remain vague, so the price effect is uncertain.

## Read by commodity

- WTI: neutral
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-01-29 | [Trump’s Nine-Hour Economic War on Colombia Rattles Markets - Bloomberg](https://feedsoft.ai/events/26776-trump-s-nine-hour-economic-war-on-colombia-rattles-markets-bloomberg.md) | -1.5% | -7.1% |
| WTI | 2026-05-15 | [US, Brazil see jump in ethanol exports as consumers seek to boost fuel supplies](https://feedsoft.ai/events/19247-us-brazil-see-jump-in-ethanol-exports-as-consumers-seek-to-boost-fuel-supplies.md) | -4.4% | -15.6% |
| WTI | 2025-05-21 | [Trump’s China tariffs give relief to Saudi petrochems \| AGBI](https://feedsoft.ai/events/9365-trump-s-china-tariffs-give-relief-to-saudi-petrochems-agbi.md) | -1.9% | +19.1% |
| WTI | 2018-04-04 | [Oil down slightly; U.S. inventory draw offsets trade war fears](https://feedsoft.ai/events/10845-oil-down-slightly-u-s-inventory-draw-offsets-trade-war-fears.md) | +3.2% | +6.0% |
| WTI | 2023-03-15 | [Canola supplies from Australia continue to put pressure on canola prices in the EU](https://feedsoft.ai/events/36957-canola-supplies-from-australia-continue-to-put-pressure-on-canola-prices-in-the.md) | -2.6% | +16.9% |

## Sources

- alarabiya.net: https://www.alarabiya.net/aswaq/economy/2026/11/02/%D8%AA%D8%B1%D8%A7%D9%85%D8%A8-%D9%8A%D8%B7%D8%B1%D8%AD-%D8%AA%D8%B5%D9%88%D8%B1-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%A7%D9%85%D9%8A%D8%B1%D9%83%D9%8A-%D9%83%D9%86%D8%AF%D9%8A-%D9%8A%D8%AA%D8%B6%D9%85%D9%86-%D8%AE%D8%B7-%D8%A7%D9%86%D8%A7%D8%A8%D9%8A%D8%A8

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.