Canada’s North American trade posture continued to evolve last week as Davos momentum gave way to quieter but consequential follow-up across Washington, Ottawa, and key sectoral files. The focus shifted to interpretation rather than announcement: how Carney’s Davos message and China engagement are landing in the U.S. system, and how Canada is positioning itself for the next round of CUSMA-adjacent pressure. The signals were subtle, but increasingly directional.
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