Canada and US to outline trade plan in coming weeks, Carney says

Stephanie Hughes, Bloomberg News on Nov 1, 2026

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Prime Minister Mark Carney said he spoke with President Donald Trump and both sides would work on a “mutually beneficial” U.S.-Canadian trade deal in the weeks ahead.

Carney’s update in a social post came two days before Election Day in U.S. midterms, where most polls suggest Democrats are likely to win control of the House of Representatives and the Senate — once considered a Republican firewall — is seen as roughly a coin toss. Last week, Carney hosted European Union members in Montreal as part of his efforts to deepen ties with non-US trade partners.

Carney didn’t elaborate on his conversation with Trump, saying it built on “recent constructive discussions” on the outlines of a deal that would create jobs, boost affordability for families and “fully respect Canada’s languages, culture and sovereignty.”

“Our teams will now be working in the coming weeks to deliver that outcome,” he said.

After the EU meeting, Carney hinted in a Politico interview that the outcome of the midterms wouldn’t have much of an impact to shift Trump’s policy stance.

Trade talks collapsed in August when Carney’s envoy walked away from the deal, in part over a dispute about whether to extend proposed U.S. tariff relief to medium and heavy-duty vehicles, which Canada was seeking. Canada also accused the U.S. of seeking to curtail French language use, one of Canada’s two official languages. The U.S. has denied that.

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(With assistance from Josh Wingrove.)

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