I'm not sure the American Administration is all that interested in bi-lateral U.S. - Canada trade agreements. Rather, a complete re-negotiation of the United States-Mexico-Canada Agreement (USMCA) might be their preferred goal.
As a side note, and outside the USMCA framework: Mexico And Canada Sign Bilateral Economic Agreement.
With that longer than usual introduction, from Marc Chandler at Bannockburn Global Forex:
Overview: The US dollar is trading higher against all the G10 currencies today, but it has not broken out of this week's ranges. The Dollar Index is rising for the fourth session this week and has recovered last week's 0.55% decline. The greenback is more mixed against emerging market currencies. While the JP Morgan Emerging Market Currency Index is up about 0.15% this week, the MSCI gauge is off by about 0.10%.
Equities are mostly firmer today. In the Asia Pacific region, the Nikkei and China's CSI 300 gained more than 1%, but South Korea's Kospi jumped 2.5% and led the region higher this week with a 5.1% gain. President Lee will meet President Trump on October 29 and President Xi on November 1. The South Korea won recovered from six-month lows following verbal intervention by the finance minister. Despite a better preliminary PMI, the euro struggles to find much traction and the Stoxx 600 is nursing a small loss. US index futures are firm. Aside from the Japanese government benchmark 10-year yield, which slipped a basis point, most other major bond yields are firmer. European yields are mostly 2-4 bp higher, with the increase in France leading the region and the 10-year Gilts doing best with is nearly flat performance. The 10-year Treasury yield is slightly firmer to a faction above 4.0%. Canada's 10-year yield is about 3.5 bp higher at 3.09%. Gold is off 1.6% after rising almost 0.70% yesterday. Today's low is slightly below $4048. It settled around $4356 on Monday. December WTI is in a narrow range (~$61.20-$62.15) at the upper end of yesterday's surge that lifted it to about $62.20....
....MUCH MORE
