With a Friday deadline looming, Foreign Affairs Minister Chrystia Freeland is donning her best poker face as U.S. President Donald Trump’s blunt assessment of the NAFTA talks—spoken in confidence but leaked to the media—lands with a thud on the negotiating table. Trump, in a conversation Thursday with Bloomberg News, gave a dismissive off-the-record assessment of […]
U.S. consumer spending rose a solid 0.4% in July
The U.S. economy grew at a strong 4.2% annual rate in the second quarter, the best showing in nearly four years, as growth stayed on track to produce the strongest gain in more than a decade. Strength in business investment offset slightly slower consumer spending. The Commerce Department revised up its estimate of growth in […]
Editorial note: This story was updated at 2:30 pm EST to add that Canada’s foreign affairs minister will head to Washington to join NAFTA negotiations. Donald Trump said Monday that the United States and Mexico have reached a bilateral trade “understanding” that could lead to an overhaul—or perhaps the termination—of the three-country North American Free […]
As global trade tensions continue to take centre stage, there are three events to monitor when it comes to U.S.-China relations, in particular. In a PineBridge Investments post, economist Paul Hsiao says the first event is the comment period for U.S. tariff-related public hearings (ending Sept. 5). His base case is for the hearings to have little […]
Upcoming data to watch from the U.S., Canada and Europe
Powell signalled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong
Fewer than half of Americans expect President Donald Trump's tariffs to do much to help the U.S. economy
No decision has been made yet on whether to proceed
Life is even more challenging for many U.S. citizens in Canada who operate businesses