Finance

US, Canada Will Clash at ‘Fringe’ in Trade Talks, RBC CEO Says

Royal Bank of Canada CEO Dave McKay talks about trade policy, housing in Canada, working with the new US presidential administration, energy and how Canada can help the US tame inflation. He’s on “Bloomberg Surveillance.”Source: Bloomberg

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By Christine Dobby

October 22, 2024 at 1:21 PM UTC

This article is for subscribers only.

Canada and the US will disagree at the “fringe” but are likely to find common ground on free-trade negotiations in the coming years, according to Royal Bank of Canada Chief Executive Officer Dave McKay.

“In 34 states — many of them red states, many blue states — Canada’s their number one trading partner. You look at the longstanding relationship. We’re going to have disagreements at the fringe the way we did last time,” McKay said Tuesday in a Bloomberg Television interview. “At the core, I think we see the benefits to both nations, and therefore I think we have to keep that front and center.”