Voyageur 142
Canada Starts Trade Talks With Turkey, and ETF Closures Need a Plan B.
News for residents of the “11th province”: Canadians abroad.
Please don’t forget to share, subscribe or send feedback.
Canada Starts Trade Talks With Turkey
Canada and Turkey have officially and formally opened their free-trade talks, as PM Mark Carney and President Recep Tayyip Erdogan announced on Tuesday at the NATO summit in Ankara. The Prime Minister's Office said technical teams will now be tasking with scoping the first round of negotiations.
The official readout says bilateral trade was $4.3 billion in 2025, and both governments want to work more closely together in defence, energy, “advanced” technology, and aerospace.
Canadians living in Turkey, the Gulf, or Europe may want this one on the radar. It is also another indication of how much work Ottawa is putting into developing non-US trade. After the CUSMA annual-review drama in Voyageur 140, that part is hard to miss.
Read more: Prime Minister of Canada / The Globe and Mail
Advertisement:
A photo from the old country:
ETF Closures Need a Plan B
Canadian ETF closures are rarely sudden, but they can still make a mess of a tidy portfolio. MoneySense says fund providers in Canada usually give at least 60 days notice before shuttering a fund, then stop new creations, delist the ETF, sell whatever is left, pay expenses, and then divvy up the rest to send investors their remaining allocation in cash.
It’s reasonably orderly until the ETF is in a brokerage account and can no longer be traded. Global X gave an example in December, when it said three ETFs would be wound up in February 2026 after delisting from Cboe Canada or the TSX.
Canadians managing Canadian accounts from abroad get an extra wrinkle. A forced cash payout can mean currency decisions, replacement trades, tax paperwork, and time zones all hitting home at the same time - it can turn a sleepy corner of your portfolio into a bit of a headache - something to consider as you weigh investing in thinly traded or esoteric ETFs in search of a return.
Read more: MoneySense / Global X Canada