Canada says no China FTA on January 26, 2026, favoring U.S.-aligned digital finance

On January 26, 2026, Prime Minister Mark Carney said Canada has no plans to negotiate a free trade agreement with China. The stance, taken amid tariff threats from U.S. President Donald Trump, keeps Ottawa aligned with USMCA guardrails and the U.S.-led approach to crypto, stablecoin oversight, and digital finance infrastructure.