Canada and the U.S. have said progress is being made to rekindle their relationship, which has been roiled by trade tensions since President Donald Trump returned to the White House.
On Wednesday, Canadian Finance Minister François-Philippe Champagne and U.S. Treasury Secretary Scott Bessent spoke on the sidelines of a meeting of G7 finance ministers and central bank governors in Banff, Alberta. Champagne told reporters following the meeting that he and Bessent had engaged in “a very productive G7 discussion.”
Why It Matters
The meeting between the two countries’ top finance officials was touted as a critical interaction at the ongoing summit, given the recent tensions between Canada and the U.S.
The relationship between Washington and Ottawa has been strained following Trump’s tariffs on Canadian imports and repeated threat to turn the country into the U.S.’s “51st state.” Canada has responded with its own tariffs, and Prime Minister Mark Carneyhas said the country’s old relationship with the …