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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Canada and India have agreed to restart negotiations for a new trade deal, Indian officials confirmed on Sunday, after talks stalled following a diplomatic spat two years ago.
Canadian Prime Minister Mark Carney faces a critical test on Monday when Parliament votes on his first budget, with a defeat potentially triggering a second federal election in less than a year.
The Vatican returned 62 artefacts linked to Canada’s Indigenous peoples to the country’s Catholic bishops, describing the gesture as "a concrete sign of dialogue, respect, and fraternity," according to a statement on Saturday.
Canada and India are reopening trade talks after a two-year freeze, with both sides aiming for what Ottawa calls a “new process”, Canadian Trade Minister Maninder Sidhu said on Thursday in New Delhi.
Chinese scientists have unveiled a new gene-editing therapy that they say could lead to a functional cure for HIV, making it one of the most promising developments in decades of global research.
For nearly three decades following the dissolution of the Soviet Union, the international system was defined by a singular, overwhelming reality: American unipolarity.
As the year comes to an end, a new initiative bringing civil society actors and regional analysts from Armenia and Azerbaijan together is steadily gaining ground.
Uzbekistan has reopened its border with Afghanistan for the first time since 2021, the country’s Chamber of Commerce and Industry announced on Tuesday.
Faced with mounting public outrage following one of the deadliest environmental disasters in the nation’s recent history, the Indonesian government has pledged to investigate and potentially shut down mining operations found to have contributed to the catastrophic flooding on Sumatra.
Britain has imposed new sanctions on Russia, targeting the entire GRU military intelligence agency, which was highlighted in a UK public inquiry into the 2018 poisoning of Dawn Sturgess, caused by the nerve agent Novichok.
Afghanistan’s foreign minister, Amir Khan Muttaqi, has said distanced the Afghan government from recent incidents involving Afghan nationals on U.S. soil.
Russia has warned that any "illegal action" by the European Union regarding its frozen assets will provoke "the harshest reaction," with Moscow already preparing its response.
Families of 153 Chinese passengers aboard the missing MH370 flight are once again hopeful as a fresh search for the plane is announced.
Residents of Darfur are being systematically held for ransom by the Sudanese paramilitary force that overran a city in late October, with witnesses, aid workers, and researchers reporting killings and beatings of those whose families cannot pay.
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