Carney Says Canada Open to a ‘Reciprocal’ US Trade Deal

The signal here is directional rather than substantive: Ottawa is putting a negotiating posture on the record without terms, sectors or a timeline, so the market-relevant content is the willingness itself, not any concrete concession. For cross-border trade exposure, that framing matters because it implies a bilateral bargain rather than unilateral alignment, which is a different risk profile for tariff-sensitive supply chains. Whether the openness translates into formal talks — and which industries a 'reciprocal' arrangement would actually touch — remains the open question.