US-Canada Trade Pact Could Be Finalized Before G7 Summit, Says Ambassador

US-Canada Trade Agreement Could Happen Before G7 Summit, Hoekstra Hints

High-Level Optimism as Trade Talks Near Final Stage

A new US-Canada trade pact may be finalized as early as next week, just ahead of the G7 Summit scheduled for June 15, according to comments from US Ambassador to Canada Pete Hoekstra and unnamed Canadian sources.

Speaking to reporters in Ottawa, Ambassador Hoekstra said:

“I am optimistic where this relationship is and I’m more optimistic about where I think this relationship is headed.”

Canadian Sources Confirm Momentum Toward a Deal

Canadian government insiders confirmed to The Toronto Sun and other outlets that talks have reached an advanced stage, with one source stating:

“It will happen before the G7, possibly as early as next week.”

Another added:

“Ottawa knows what they have to do”, in reference to negotiation expectations set by the US delegation.

Related: USMCA Timeline and Trade Milestones

Strategic Timing Ahead of G7 Summit

The timing of a final agreement before the G7 Summit in Italy is strategic, signaling diplomatic alignment and trade cooperation between two key economic allies amid global tensions.

📌 Explore: What to Expect at the G7 Summit 2025

Suggested Internal Links:

• Canada’s Trade Policy Overview
• How Bilateral Trade Deals Impact Currency Markets
• NAFTA to USMCA: What Changed?