Carney said Canada will include the carve-out that the US has on Canadian goods under the 2020 free trade deal that shields the vast majority of goods from the punishing duties.

Canada is the lone Group of Seven economy that has failed to reach a tariff deal with the U.S. before Trump's deadline. Carney won an election in April, arguing his experience--as a former banker at Goldman Sachs and a central banker in two countries--made him the best person to navigate the economy through the Trump administration.

Prime Minister Mark Carney will soon travel to Europe in a bid to deepen economic and security ties with Germany.

Prime Minister Mark Carney is removing most retaliatory tariffs on goods from the United States starting on Sept. 1. With the exception of "strategic sectors" such as steel and aluminum, all goods compliant with the Canada, U.S. and Mexico Agreement (CUSMA) will be exempt from tariffs.

Canada will remove many retaliatory import tariffs on U.S. goods and intensify contacts with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on Friday.

Prime Minister Mark Carney is set to travel to Europe to meet with German Chancellor Friedrich Merz in Berlin on Tuesday, with the goal of "intensifying" discussions.

Prime Minister Mark Carney will hold a news conference in Ottawa today at noon ET after meeting with his cabinet this morning. More to come