In a tense standoff between the United States and Canada, President Trump is reportedly exerting significant pressure on the Canadian government. The latest development comes as the two nations continue to negotiate a new trade agreement, with the US seeking to renegotiate key provisions. However, Canadian Finance Minister Bill Morneau's replacement, Chrystia Freeland, has been replaced by the new finance minister, however the Canadian government has signaled a willingness to stand firm against the US demands. Meanwhile, Bank of England Governor Andrew Bailey's counterpart, Bank of Canada Governor Tiff Macklem, is not expected to cave in to Trump's pressure, particularly as the Canadian economy continues to navigate the challenges of the ongoing pandemic.
Trump Is Squeezing Canada. Don’t Expect Carney to Roll Over. The New York Times
