Canada's Fairfax may get 2 years to consolidate holdings for IDBI Bank deal
A long-delayed sale of a majority stake in IDBI Bank, held by the federal government and state insurer Life Insurance Corp of India, is in its final stages
The United States and Canada are reportedly very close to finalizing a trade deal after recent talks between Canadian Prime Minister Dominic LeBlanc and US Trade Representative Jamie Zamensky. Canada's leaders met with the US negotiators in Washington to push for an agreement that would avert new tariffs threatened by President Donald Trump.
The discussions come after months of tension sparked by Trump's imposing tariffs on Canadian goods such as autos, steel, aluminum, and lumber. Canada's provinces and territories have requested specific provisions in the potential deal, including the restoration of US alcohol and wine, which were removed due to retaliatory tariffs on Canadian products.
Prime Minister Mark Carney has urged the provinces to remove any language in procurement policies that specifically excludes the United States from projects. While the details of the agreement remain unclear, both countries seem to be nearing a resolution, with proponents praising the deal as the "best-in-class."
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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