Canada, Trump and Trade Talks
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U.S. trade and security deal less than two weeks away, both sides will aim for a "long-term” deal, one former White House trade official told Global News. Brian Janotivz, former White House Economic Counsel and former official with the U.
Pierre Poilievre is questioning Canada's approach to trade talks with the United States. He believes the deadline set by Prime Minister Mark Carney weakens Canada's position. Poilievre suggests the digital services tax could have been used as leverage.
Canada's main stock index opened flat on Thursday, as gains in mining and technology shares were offset by losses in energy shares, while investors assessed U.S. tariff threats and awaited signs of progress on trade talks.
Canada is expected to resume trade talks with the U.S. after the Canadian government said late Sunday it was rescinding a digital services tax on American tech companies.
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The Canadian government said “in anticipation” of a trade deal “Canada would rescind” the Digital Serves Tax. The plan to tax U.S. technology firms was set to go into effect Monday.
Futures linked to Canada's main stock index edged higher on Thursday, with investors dismissing U.S. tariff threats and awaiting signs of progress on trade talks.
Canada will rescind a digital services tax – a way of taxing online companies – its government said on Sunday, in a bid to restart trade negotiations with the United States.
President Donald Trump announced a new set of duties on Canadian goods that were not covered by existing sectoral tariffs.