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24.08.26 - 08:48
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Canadian dollar dips after US-Canada talks collapse into trade war; oil prices fall ahead of US sanctions on Iran – business live (The Guardian)
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Washington imposes 50% tariffs on Canadian goods including fishing rods and hockey sticks, while Canada retaliates with levies on US steel and electronicsGood morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business.The Canadian dollar fell after the country's trade talks with the US collapsed on Friday and Washington imposed 50% tariffs on $20bn of Canadian goods, prompting Canada to retaliate.There's already been a market reaction this morning to the breakdown of the talks, with the Canadian dollar weakening against every other G10 currency, including a -0.26% fall against the US dollar. Otherwise, Bloomberg also reported overnight that Canada saw little chance of the talks resuming before the midterm elections. Continue reading......
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24.08.26 - 06:42
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Canadian Dollar Falls Against Majors (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the Asian session on Monday. The Canadian dollar fell to 4-day lows of 1.3799 against the U.S. dollar, 115.11 aga......
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23.08.26 - 19:42
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The lesson from Canada′s collapsed trade talks with the US: negotiation may be futile (The Guardian)
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Breakdown shows Washington now prioritises its own interests over any semblance of shared economic ground'No more!!!': Trump lashes out after US-Canada talks devolve into trade warThe calamitous collapse of trade negotiations between Canada and the United States is a warning to nations worldwide that pursuing any kind of dialogue with the current US administration is doomed at the outset, according to observers who say this recent episode indicates seeking a fair deal is futile.Andrea Lawlor, an associate professor of political science at McMaster University in Ontario, said: “No matter the closeness of the historical relationship, the American administration has signalled that it now prioritises its interests above those of some sort of global economic coordination or harmony. Continue reading......
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23.08.26 - 18:30
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Did Canada Just Sign Its Own Economic Death Warrant? (ZeroHedge)
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Did Canada Just Sign Its Own Economic Death Warrant?
Canadian Prime Minister and WEF globalist Mark Carney has been a disaster for Canada since he entered office. There were many critics who believed the Trudeau regime could not be topped in terms of self destructive behavior, but one could easily argue that Carney is far more dangerous and far more devious.
This week the Canadian government abandoned a nearly finalized trade deal with the US in the final hour of talks, leaving many analysts (and Canadians) bewildered. According to U.S. Trade Representative Jamieson Greer and related reports on the negotiations, the U.S. offered significant tariff reductions that would have given Canada preferential treatment relative to other major exporters.
The offer included a reduction of tariffs on steel from 50% to 25%, a reduction on Canadian autos from 25% to 15%, a removal of the 10% tariff on Canadian lumber and cooperation on numerous other measures, representing the best deal offered in c...
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23.08.26 - 17:01
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Pence: ′Last thing′ US economy needs is trade war with Canada (The Hill)
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Former Vice President Mike Pence said Sunday the trade war between the U.S. and Canada could damage the American economy. “American businesses and American consumers pay American tariffs, and I think the last thing we need right now, as our economy is getting back on its feet, is a trade war with Canada,” Pence told......
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