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Canada, US make progress on trade deal, Carney says - Finance news and analysis from Global Banking & Finance Review
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Canada, US make progress on trade deal, Carney says

Published by Global Banking & Finance Review

Posted on November 14, 2026

1 min read

· Last updated: November 14, 2026

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Canada and US Making Progress Toward Trade Deal, Carney Announces

Key Developments in Canada-US Trade Negotiations

Substantive Talks Between Leaders

MANILA, Nov 14 (Reuters) - Canadian Prime Minister Mark Carney said on Saturday he had held lengthy, substantive talks with US President Donald Trump and the two countries were making progress towards a trade deal, though they had yet to reach an agreement.

Canada’s Commitment to NATO and European Security

Carney’s Position on NATO

Carney, who is in the Philippines for a state visit and meeting with Southeast Asian leaders, also said his country would not walk away from NATO and that the security architecture for a free Europe would be determined by a free Europe and NATO, not Russia.

Reporting and Editorial Credits

(Reporting by Mikhail Flores; Editing by William Mallard)

Key Takeaways

  • Carney confirmed progress in Canada‑US trade talks following a substantive meeting with Trump in Manila, though no deal yet exists, noting the U.S. has dropped some earlier demands (marketscreener.com)
  • Recent weeks have seen a slight intensification in talks, with both sides signaling readiness to reach a mutually beneficial agreement after a breakdown during the summer trade war (investing.com)
  • Carney reaffirmed that Canada remains committed to NATO, stressing that the security architecture of a free Europe will be determined by Europe and NATO—not Russia (lemonde.fr)

References

Frequently Asked Questions

What did Mark Carney say about the Canada-US trade deal?
Mark Carney stated that Canada and the US are making progress toward a trade deal, following substantive talks with US President Donald Trump.
Has an agreement been reached on the Canada-US trade deal?
No, according to Carney, while there has been progress, an agreement on the trade deal has not yet been reached.
Where did Mark Carney meet with Donald Trump?
Mark Carney held discussions with Donald Trump in Manila, Philippines, during his state visit and meetings with Southeast Asian leaders.
What did Mark Carney say about Canada’s commitment to NATO?
Carney emphasized that Canada would not walk away from NATO and that Europe’s security should be determined by a free Europe and NATO, not Russia.

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