Sources: The US-Canada trade agreement may be reached before next week's G7 summit

ChainCatcher news, according to the Toronto Sun, after the new U.S. ambassador to Canada, Pete Hoekstra, gave a speech, a U.S.-Canada trade agreement could be reached as early as next week.

Pete Hoekstra stated in his speech: "I am optimistic about the current relationship (between the U.S. and Canada), and I am even more optimistic about where I think this relationship is headed." Although he did not elaborate much on specific details, his words sparked enthusiasm among the audience.

A source commented, "The agreement could be reached before the G7 summit on June 15, perhaps as early as next week." Other Canadian sources said, "After Pete Hoekstra's speech, Ottawa knows what they need to do," "The next 48 to 72 hours will be crucial," and "The Carney team's goal is to reach an agreement before the G7 summit."