Morning Update: Now let’s make a deal

The U.S. has shifted from threatening Canada with new tariffs to seeking interim trade deals, keeping uncertainty around future trade terms elevated. The article also flags ongoing wildfire developments and adds new questions related to a Health Canada investigation, but provides no specific market-moving figures. Overall, the trade-policy pivot is a cautious negative for expectations of near-term supply-chain stability.

Analysis

The U.S. has shifted from threatening Canada with new tariffs to seeking interim trade deals, keeping uncertainty around future trade terms elevated. The article also flags ongoing wildfire developments and adds new questions related to a Health Canada investigation, but provides no specific market-moving figures. Overall, the trade-policy pivot is a cautious negative for expectations of near-term supply-chain stability.