Carney's Checkmate: How Canada's Quiet Bond Play Forced Trump to Drop Tariffs

[Bernardo de La Paz]

1. Read another article about this too, but I've not heard of any "Canadian Treasury bonds" in US dollars

Likewise, I've never heard the term "Canadian Treasury" before. I think he just made that up.

The overall strategy though has credence, I think.

On edit: Okay, looked things up. There is the "Treasury Board of Canada", the Bank of Canada does refer to "Canadian Treasury Bills and Bonds".

... and ...
https://www.canada.ca/en/department-finance/news/2025/03/government-of-canada-plans-to-issue-us-dollar-global-bond.html

Government of Canada plans to issue US-dollar global bond
Mar 10, 2025 This US-dollar global bond will further strengthen the stability of Canada's foreign currency reserves while meeting investor demand for high-quality assets backed by Canada's triple-A credit ratings from most major credit rating agencies. ... The Government of Canada last issued a US-dollar bond on April 23, 2024 worth US$3 billion ...