ICYMI: There is a draft, high-level proposal on a new trade deal between Canada and the US

June 5, 2025
-FXnews

The smoke around a new Canada-US trade deal continues to rise.

This was out earlier today but in case you missed it, the Toronto Sun reporter who initially reported a potential deal at the start of the week now has more details, citing ‘multiple sources’. He continues to suggest that the hope is to get a deal before the G7 meeting on June 15 in Canada.

What we can expect is an announcement that
Canada will increase its defence spending, including potential
participation in the Golden Dome missile defence system. We should
expect the government to show that border security will be a priority
and there will be action on fentanyl.

It’s not a full USMCA extension, which is likely to be tackled later

ICYMI: There is a draft, high-level proposal on a new trade deal between Canada and the US

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