Carney: Canada Not Ready to Reach Trade Deal with U.S.

Prime Minister Mark Carney told members of the Liberal national caucus on Parliament Hill on Oct. 28, 2026 that Canada is not yet in a position to finalise a trade agreement with the United States. He said Ottawa will consider a deal only if it serves Canadians, and that current negotiators are "not in that position right now."

Political context The statement comes as the United States approaches its congressional midterm elections, scheduled for Tuesday, Oct. 30, 2026. Republican control of both houses of Congress is at stake, and President Donald Trump’s tariff agenda has become widely unpopular among American voters because of rising living costs.

Negotiation status While trade discussions between Ottawa and Washington have intensified in recent days, the Canadian side has described progress as limited. No specific terms, timelines, or concessions have been disclosed by either government.

Next steps Carney indicated that Ottawa will continue to monitor developments and will pursue a deal if an opportunity arises that aligns with Canadian interests. The outcome of the U.S. midterms next week will likely influence the timing and substance of any further negotiations.