EL7.AI
Macro EconomyMedium•4 November 2026•
1 min read

China and Canada Extend Trade Agreement Through 2028 to Secure Market Access

Key Facts

1China and Canada have agreed to extend their existing trade agreement until the end of 2028.
2The deal allows Chinese steel and aluminum products into Canada in exchange for market access for Canadian imports.

China and Canada have agreed to extend their existing trade agreement until the end of 2028, BNN Bloomberg reported. The deal facilitates the entry of Chinese steel and aluminum products into Canada in exchange for continued market access for Canadian imports, aiming to provide stability for producers and support multi-billion dollar export opportunities.

The extension follows data from November 4, 2026, showing Canada's trade balance reached 5.35 billion, surpassing the 4.1 billion forecast. Meanwhile, China's economic indicators showed mixed signals prior to the deal, with the official Manufacturing PMI at 49.3 on October 31, 2026, while the Caixin Manufacturing PMI stood at 52 on November 2, 2026.

Looking ahead, China is scheduled to release its latest trade balance data on November 10, 2026, with a forecast of 135 billion. In Canada, the Ivey PMI is due on November 6, 2026, which will provide further insight into manufacturing activity following the bilateral agreement extension.