Carney announces U.S. trade negotiations and economic measures

Investing.com -- Canada's Prime Minister Mark Carney spoke today at the Port of Montreal, announcing that he has had a constructive discussion with U.S. President Donald Trump, initiating comprehensive negotiations for a new economic and security relationship between the United States and Canada.

In addition to this, Carney also declared the creation of a Trade Diversification Fund. The fund is aimed at building infrastructure to diversify trade, create new jobs, and stimulate economic growth. The fund is expected to have C$5 billion in funding.

Carney also encouraged Canadian ports to cooperate rather than compete in the new global economy. He emphasized the need for them to work together to ensure Canada's success in a drastically different world.

The security of the ports will be strengthened under Carney's plan. He declared that more personnel will be deployed and additional technologies will be dedicated to halt the trafficking of drugs, especially fentanyl, as well as illegal guns and stolen cars.

Carney has reassured that Canada's system of agricultural supply management will not be compromised in talks with the U.S. He also stated that he will meet with President Trump, although it's not clear whether there will be new trade discussions between Canada, the U.S., and Mexico. Carney expressed Canada's preference for Mexico to be included in the discussions.

Carney's announcements come as he campaigns for the upcoming election on April 28. He has promised to stand up for Canadian workers, businesses, history, values, and sovereignty. The future of the U.S.-Canada relationship is unclear, but Carney has emphasized Canada's agency and power to control its own destiny and enhance its productivity and competitiveness.