Top finance officials from the world’s seven wealthiest democracies set aside stark differences on U.S. tariffs and agreed to counter global “economic imbalances,” a swipe at China’s trade practices.

This year’s G7 leaders summit will be held in Kananaskis, taking Trump to Canada — whose economy and sovereignty have faced threats from the U.S. president — highlighting how his policies to reshape global trade and defence ties have upended long-standing relationships.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the fin

Canadian leaders have softened their tone toward the U.S. recently and hailed the progress made in rekindling the relationship.

U.S. Treasury Secretary Scott Bessent and Canadian Finance Minister Francois-Philippe Champagne are scheduled to hold a bilateral meeting late Wednesday on the sidelines of the Group of Seven finance and central bank meeting.

Federal prisons won't be used to house inmates displaced by the G7 summit in Alberta in June. The province says it doesn't plan to manage its prison populations the same way it did the last time world leaders met in Kananaskis,

Canada holds the presidency this year and will host heads of state and dignitaries at the summit in Kananaskis, Alta.