New Delhi, Dec. 19 -- Canada and the U.S. will launch formal discussions to review their free trade agreement in mid-January, the office of Canadian Prime Minister Mark Carney said.

The prime minister confirmed to provincial leaders that Dominic LeBlanc, the country's point person for U.S-Canada trade relations, "will meet with U.S. counterparts in mid-January to launch formal discussions," Carney's office said in a statement late Thursday.

The United States-Mexico-Canada trade pact, or USMCA, is up for review in 2026. U.S. President Donald Trump negotiated the deal in his first term and included a clause to possibly renegotiate the deal in 2026.

Carney met with the leaders of Canada's provinces on Thursday to give them an update on tr...