Canada expects to sign a comprehensive trade deal with Indonesia next year, capping three years of negotiations. While bilateral merchandise trade totaled just $5.1 billion last year, officials are eyeing significant potential for Canada’s businesses, entrepreneurs and investors in the Indonesian market. (The Logic)

Talking point: Prime Minister Justin Trudeau announced the pact at the Asia-Pacific Economic Cooperation forum in Peru, where discussions were dominated by what Donald Trump’s return to the White House could mean for multilateral trade. The new pact with Indonesia, one of the largest producers of nickel on the planet, gives Canada a foothold in Southeast Asia’s largest economy. Ottawa is already touting possible collaborations on critical minerals, while Trudeau also signalled plans to partner with countries in Southeast Asia on nuclear energy to meet AI’s growing power demands. Canada is struggling with similar problems, but sees nuclear power as a solution and is already selling its expertise abroad.