American President Donald Trump says he will not be extending the Canada-US trade talk deadline, which is set to take place on August 1.“The August first deadline is the August first deadline -- It stands strong and will not be extended. A big day for America!!!” Trump said in a post on TruthSocial Wednesday.Prime Minister Mark Carney said that a no-deal outcome is better than a bad one — a view shared by many economists.Meanwhile, Mount Royal University political science professor Lori Williams said Tuesday the deals with Japan, the EU, and the UK are expected to put pressure on Canada, implying the deadline might not be extended.“We're getting mixed messages about what's actually in the agreements. And essentially, they are agreements in principle. They're agreements to continue negotiations around or within certain parameters,” Williams said..Economist says Canada-US trade deal needs fresh perspective.“It does put more pressure, nevertheless, on Canada to try to find or achieve a deal. And of course, because that deadline is coming up, some are concerned that maybe this time the deadline will not be extended and things will get tougher for those industries that aren't currently protected by the Canada-US-Mexico trade agreement.”Williams says that Trump is unpredictable, and therefore, reaching a trade deal on Thursday remains uncertain.An economics professor at Concordia University says a fresh perspective is needed to navigate future trade challenges between Canada and the US.“I said 30 years ago that Canada should be pursuing more free trade agreements than just the US, not because I thought that the US was a threat to Canadian sovereignty or security, but because the more free trade partners you have, the better your quality of life is,” Lander said.“The EU understands that, which is why they've pursued the expansion of its membership from what was originally six countries to now 30 countries.”.Bank of Canada holds key interest rate at 2.75%, citing tariffs, inflation, unpredictability
