Prime Minister Carney recently stated that Canada and the United States have made significant progress in their current trade discussions. The negotiations are focused on finalizing the details of a new agreement as both countries face a looming deadline for the implementation of new tariffs this weekend.

While officials from both sides have signaled that a deal is nearing completion, the specific terms of the agreement have not yet been made public. The current talks are characterized by a sense of urgency, as both nations aim to avoid the economic impact of the scheduled tariff increases. The BBC reports that while the progress is described as significant, the actual details of what has been agreed upon remain unclear to the public and the media. There is currently no confirmation on whether the deadline will be extended if a final agreement is not reached by the weekend.