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Canada PM Carney: Trade talks with the US are at an intense section

Canadian Prime Minister Carney is speaking on the tough trade talks with the US :

  • Trade talks with US are at an intense phase.
  • Any trade deal with US must be on fair terms for Canada.
  • Reiterates that a US trade deal without any tariffs is not likely.
  • There’s a question as to how much those tariffs would be.
  • Asked about Trump’s comment about difficulty of negotiations a deal with Canada, yes we are difficult but we are fighting for Canada.

The USDCAD has eased off recent highs and is now testing a key swing area that traders will watch closely for support. Last week, the pair bounced off a trendline low, kicking off a strong upward move. On Friday, momentum accelerated as the price broke through both the 100- and 200-hour moving averages. Today’s pullback has found initial support near the 38.2% retracement of the July trading range, adding to the area’s significance as a potential base for buyers.

This article was written by Greg Michalowski at investinglive.com.

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