U.S. trade and security deal less than two weeks away, both sides will aim for a "long-term” deal, one former White House trade official told Global News. Brian Janotivz, former White House Economic Counsel and former official with the U.

Futures linked to Canada's main stock index edged higher on Thursday, with investors dismissing U.S. tariff threats and awaiting signs of progress on trade talks.

Canada is expected to resume trade talks with the U.S. after the Canadian government said late Sunday it was rescinding a digital services tax on American tech companies.

Canada will rescind a digital services tax – a way of taxing online companies – its government said on Sunday, in a bid to restart trade negotiations with the United States.

Canada's main stock index opened flat on Thursday, as gains in mining and technology shares were offset by losses in energy shares, while investors assessed U.S. tariff threats and awaited signs of progress on trade talks.

President Donald Trump announced a new set of duties on Canadian goods that were not covered by existing sectoral tariffs.

The letter reiterated Trump’s complaints about dairy quotas, fentanyl and the U.S. trade deficit, which is mostly fueled by American refineries’ thirst for Canadian oil. His social media post caused the Canadian dollar to immediately tumble, indicating the market wasn’t expecting this escalation.

China warned President Trump on Tuesday against restarting trade tensions and that it will hit back at countries that make deals with the US to exclude China from supply chains. Last month, the US and China agreed on a trade framework to ease tensions,