Canada expressed optimism about reaching a new trade agreement with the United States after dropping most of its retaliatory tariffs.

Canadian Finance Minister Dominic LeBlanc said talks with Commerce Secretary Howard Lutnick, along with direct communication between Canadian Prime Minister Mark Carney and President Donald Trump, have improved prospects for renewed negotiations.

On Friday, Carney announced the removal of retaliatory tariffs on tens of billions of dollars of U.S. goods, a move Trump suggested could reopen stalled trade talks. LeBlanc described this step as crucial groundwork for potential renegotiation of the U.S.-Mexico-Canada Agreement and hinted that discussions also touch on cross-border investments.

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