Carney explores Canada as EU associate member, WSJ reports.This is a longer horizon structural story rather than an immediate market mover, but it speaks to the ongoing repricing of Canada's trade relationships since the tariff dispute with Washington escalated. A deeper EU tie-up, if it advances, would represent a meaningful diversification of Canadian trade exposure away from the United States across goods, services, energy, and critical minerals, which could support the loonie over time by reducing dependence on a single, currently strained trading relationship.