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Biden plans first Canada visit in March

(Reuters) - U.S. President Joe Biden will be in Canada in March in his first visit to one of the United State's top trading partners since taking office almost two years ago....
Biden plans first Canada visit in March © Reuters. U.S. President Joe Biden attends a meeting with Mexican President Andres Manuel Lopez Obrador and Canadian Prime Minister Justin Trudeau at the North American Leaders' Summit in Mexico City, Mexico, January 10, 2023. REUTERS/Kevin Lamarque

(Reuters) - U.S. President Joe Biden will be in Canada in March in his first visit to one of the United State's top trading partners since taking office almost two years ago.

Biden told Canadian Prime Minister Justin Trudeau about his travel plans in a bilateral meeting at the North American leaders' summit in Mexico City on Tuesday, according to statements from the White House and Trudeau's office.

The United States is by far Canada's biggest trade partner, recording over C$1 trillion ($745.1 billion) in bilateral trade in goods and services in 2021.

Biden's victory in the 2020 U.S. presidential election was celebrated in Ottawa and seen as an end to oft-turbulent relations between the two countries under former President Donald Trump.

The NATO allies have collaborated on security and defense, environmental goals, as well as supply chain disruptions. They've also coordinated their rebuke of Russia's invasion of Ukraine through sanctions and support for Kyiv.

"I'm optimistic about the future and the near term ... it's going to be hard, but there's a lot we can do together," Biden said, before closing the door on reporters for his meeting with Trudeau.

Canada does have some issues with Biden, who canceled a key oil pipeline from Canada to the United States on his first day in office. Washington and Ottawa also have clashed over rules governing lumber, dairy and autos under the United States–Mexico–Canada Agreement trade pact.

The two countries were also at odds over legislation proposed the by the Biden administration that would have favoured American electric vehicle makers over Canadian manufacturers.

That provision was eventually knocked out from the bill after heavy lobbying by Ottawa and during negotiations in the U.S. Congress before the law was passed last year.

($1 = 1.3421 Canadian dollars)

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

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EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

Moving Avg:

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GBP/USD

1.2475

-0.0015 (-0.12%)

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Moving Avg:

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Indicators:

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USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (9)

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

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USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

↑ Buy

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Buy (3)

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Gold Futures

2,295.80

-7.10 (-0.31%)

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Sell (9)

Silver Futures

26.677

+0.023 (+0.09%)

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Copper Futures

4.5305

-0.0105 (-0.23%)

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Crude Oil WTI Futures

81.14

-0.79 (-0.96%)

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Brent Oil Futures

85.62

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Natural Gas Futures

1.946

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US Coffee C Futures

213.73

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Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

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S&P 500

5,035.69

-80.48 (-1.57%)

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DAX

17,921.95

-196.37 (-1.08%)

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FTSE 100

8,144.13

-2.90 (-0.04%)

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Sell (4)

Hang Seng

17,763.03

+16.12 (+0.09%)

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Moving Avg:

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Sell (12)

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Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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Moving Avg:

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Sell (12)

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Buy (0)

Sell (7)

IBEX 35

10,854.40

-246.40 (-2.22%)

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Neutral

Moving Avg:

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Buy (3)

Sell (3)

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49.155

+0.100 (+0.20%)

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Sell (7)

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27.35

-0.24 (-0.87%)

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266.60

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Adidas AG

226.40

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6.714

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Moving Avg:

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175.90

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15.010

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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SJC Eximbank8,300/ 8,500
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Cập nhật lúc 10:45:15 01/05/2024
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