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The US State department’s spokeswoman Morgan Ortagus said in a statement late-Monday, the US Secretary of State Mike Pompeo will travel to Ottawa for a day of meetings with Canadian leaders to discuss trade talks, Venezuela’s crisis and Canadians detained in China, Reuters reports.

Ortagus said: “The discussions will focus on the broad and multi-faceted U.S.-Canada strategic partnership and identify opportunities to advance our shared goals, including returning democracy to Venezuela and the release of the two Canadian citizens arbitrarily detained by China.”

Fresh developments surrounding the new North American trade pact between the United States, Canada and Mexico could have affect the USD/CAD pair alongside the market sentiment.