On Friday, Canada is set to announce the removal of numerous retaliatory tariffs on American goods as a goodwill gesture to re-energise trade talks with Washington, a source told reporters.
The tariffs on U.S. autos, steel and aluminum will remain in place for now due to ongoing sensitivities. Prime Minister Mark Carney is expected to make the announcement at a press conference.
The development boosted the Canadian dollar, which rose 0.5% to C$1.3837 per U.S. dollar (72.27 U.S. cents) by late morning.
Ottawa has been negotiating with Washington for months on a new economic and security framework, though the two sides remain far from reaching a deal.
Carney spoke with U.S. President Donald Trump on Thursday in what his office described as a “productive” conversation, the first since June. His office did not comment further on Friday’s planned announcement.
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Canadian Prime Minister Mark Carney said on Thursday (29 January) he expected the U.S. administration to respect Canadian sovereignty, after reports that U.S. officials met Alberta separatists.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 25 January, covering the latest developments you need to know.
Canadian Prime Minister Mark Carney said on Sunday that his government has no intention of pursuing a free trade agreement with China, pushing back against claims by President Donald Trump, who has threatened to impose sweeping tariffs on Canadian goods if Ottawa deepens trade ties with Beijing.
U.S. President Donald Trump said on Friday that Canada is opposing the possible construction of his proposed ‘Golden Dome’ missile defence system over Greenland, despite what he claimed would be security benefits for Canada.
Talks with the U.S. should be pursued to secure national interests as long as "threats and unreasonable expectations" are avoided, President Masoud Pezeshkian posted on X on Tuesday (3 February).
Cuba’s Deputy Foreign Minister Carlos Fernández de Cossío has denied that Havana and Washington have entered formal negotiations, countering recent assertions by U.S. President Donald Trump, while saying the island is open to dialogue under certain conditions.
At least 12 people were killed and seven wounded after a Russian drone struck a bus carrying miners in Ukraine's southeastern Dnipropetrovsk region, government officials said on Sunday (1 February).
Mexico said it will stop sending oil to Cuba as U.S. President Donald Trump ramped up pressure on the Caribbean nation.
10 people were killed and 26 others injured when a passenger bus rolled off a road and plunged into a ravine in southern Türkiye’s Antalya province on Sunday (1 February), local officials said. In a separate incident, at least seven people were killed in a collision in a tunnel.
U.S. Secretary of State Marco Rubio met on Tuesday (February 3) with Indian Foreign Minister Subrahmanyam Jaishankar one day after the U.S. and India signed a trade deal.
British Prime Minister Keir Starmer spoke to U.S. President Donald Trump on Tuesday and discussed the situation in Ukraine, including the overnight Russian attacks on the country, the UK government said.
U.S. President Donald Trump on Tuesday (3 February) signed a spending deal into law that ends a partial U.S. government shutdown and gives lawmakers time to negotiate potential limits on his immigration crackdown.
Small Cirrus SR 20 crashed in Littleborough, Rochdale, after taking off from Birmingham Airport
Ukrainian President Volodymyr Zelenskyy said on Tuesday that Kyiv is waiting for a response from the United States after overnight Russian attacks damaged energy infrastructure across the country, raising fresh questions over Moscow’s commitment to a proposed halt on strikes.
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