What happened: Canada has reached a new trade agreement with China, reflecting a shift in its economic focus away from the US. Officials say the relationship with China is now more predictable than with the US.
Why it matters:
- The deal could diversify Canada's trade partnerships and reduce reliance on the US market.
- Canadian businesses and exporters may benefit from more stable access to the Chinese market.
MNN Take: Canada is seeking greater trade certainty by developing closer ties with China, responding to changing dynamics in its relationship with the US.
Sources: BBC US & Canada