Canada and the U.S. are unlikely to reach a trade deal at the G-7 summit that ends Tuesday, according to officials. Trade was the main topic of discussion when Canadian Prime Minister Mark Carney met with President Trump on Monday morning.

This announcement came shortly after Canadian officials had cautioned that significant differences still remained between both countries before any deal could be reached.

There was a sharp decline in the share of Canadians buying U.S. homes in Q1 2025 as the Trump administration's trade disputes took hold.

Gov. Kelly Ayotte did not personally attend, but she sent the state's Commissioner of the Department of Business and Economic Affairs to represent New Hampshire.

President Trump kicked off three days of meetings in Canada, saying 'our primary focus will be trade,' but with minimal evidence of progress to offer on long-promised deals.

While the UK is an important trading partner for Canada, it represents only a small share of Canada's exports. In 2024, the UK represented 3.6% of exports and 1.2% of imports for the country, according to the Conference Board of Canada. Exports to the UK are mainly dominated by gold and energy products.

Britain and Canada will seek to revive stalled trade negotiations, Sir Keir Starmer indicated ahead of his meeting with Mark Carney in the lead-up to the G7 summit.

Canada is preparing to host the G7 summit. Prime Minister Mark Carney aims to reshape Canada's global image. Discussions will include trade tensions, new alliances, and Canada's role in a changing world.