Canada says no formal trade talks with US underway

The absence of formal talks, despite continued contact between LeBlanc and his US counterparts, suggests both sides are keeping channels open without committing to a negotiating track — a posture that leaves tariff and border policy risk unresolved for cross-border trade, including crypto and digital-asset firms operating in both markets. The emphasis on sovereignty signals Canada is in no rush to concede, so the open question is whether informal contact eventually converts into a formal process or the dispute simply drifts.