Trump announces trade deal with EU following months of negotiations
Investing.com -- In the latest development signaling progress in cross-border defense cooperation, Canada and the United States have begun exchanging a working document outlining the potential terms of a new bilateral security deal. The draft, fewer than five pages, has been sent between Ottawa and Washington, according to reporting by CBC News and Radio-Canada.
Sources familiar with the talks told CBC that the document includes a framework for Canadian participation in the “Golden Dome” security initiative, originally proposed by former U.S. President Donald Trump. The proposal also incorporates pledges for increased Canadian infrastructure investment in the Arctic and renewed commitments to meeting NATO defense spending targets.
Despite signs of movement, officials involved in the process are cautioning against premature conclusions. “There’s no deal agreed upon by both countries,” a Canadian government official told CBC, speaking on background due to the confidential nature of the negotiations.
The same official added that such documents are common as countries test the waters in complex discussions: “In a negotiation, there will be many documents sent back and forth with several hypothetical scenarios.” While the text provides a structural basis for talks, sources suggest multiple issues remain unresolved.
Two sources confirmed to CBC that there is no expectation of a finalized agreement in time for the G7 summit slated to take place in Alberta next week. This indicates that, while the process has advanced, significant hurdles remain before anything can be formally announced.
Both sides are said to be weighing domestic and geopolitical considerations linked to the deal’s provisions. The stakes are high, with long-term security collaboration and defense readiness among the core components under review.