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Canada July trade surplus shrinks, US exports drop

Canada July trade surplus shrinks, US exports drop

By Promit Mukherjee OTTAWA, Sept 3 (Reuters) - Canada's trade surplus narrowed sharply in July as exports of energy and metal products shrank while imports rose, just weeks before Washington's new 50% tariffs begin to show up in statistics, posing a stiffer test for Canadian exporters.

Bank of Canada keeps its policy rate at 2.25%, says tariffs could add to inflation

Bank of Canada keeps its policy rate at 2.25%, says tariffs could add to inflation

By Promit Mukherjee and David Ljunggren OTTAWA, Sept 2 (Reuters) - The Bank of Canada kept its key policy rate on hold at 2.25% on Wednesday, as widely expected, but said the risks to inflation had grown while new U.S. tariffs made growth prospects more uncertain.

House Speaker Mike Johnson Addresses Trump's Trade Confrontation with Canada, Suggests New Deal

House Speaker Mike Johnson Addresses Trump's Trade Confrontation with Canada, Suggests New Deal

House Speaker Mike Johnson has commented on President Trump’s escalating trade dispute with Canada. Johnson indicated that a new trade agreement with Ottawa remains a possibility, despite ongoing tariff-related tensions that are straining relations between the two long-standing allies. The statement comes amidst a period where trade policies and tariffs have been a significant point of contention in U.S.-Canada relations. The discussion around a 'new Canada deal' suggests an ongoing effort to resolve these trade disagreements, which have seen various tariffs imposed and retaliatory measures taken by both nations. The focus is on finding a resolution that could potentially alleviate the economic pressures caused by the current trade environment.

Canada ready for US trade deal that benefits both countries, Carney says

Canada ready for US trade deal that benefits both countries, Carney says

OTTAWA, Sept 3 (Reuters) - Canadian Prime Minister Mark Carney said on Thursday his government was ready to sign a trade deal with the U.S. that benefits both countries, adding any agreement would need to have stability and credibility.

The Knoxville News-Sentinel

Is Tennessee whiskey losing ground? Jack Daniel's sales stall as fewer Americans drink

Is Tennessee whiskey losing ground? Jack Daniel's sales stall as fewer Americans drink

Jack Daniel's parent company says sales are slowing as fewer Americans drink alcohol and trade tensions with Canada weigh on demand.

US private payroll growth slows in August; factory orders rebound in July

US private payroll growth slows in August; factory orders rebound in July

WASHINGTON, Sept 2 (Reuters) - U.S. private payrolls increased less than expected in August as strength in the education and health services sector was offset by job losses in manufacturing and a few other industries.

Yen jumps, oil pumps

Yen jumps, oil pumps

By Jamie McGeever ORLANDO, Florida, Sept 2 (Reuters) - The Japanese yen leaped against the dollar on Wednesday, its biggest rise since joint U.S.-Japanese intervention a month ago, while U.S.

Bank of Canada keeps its policy rate at 2.25%, says tariffs could hit growth

Bank of Canada keeps its policy rate at 2.25%, says tariffs could hit growth

By Promit Mukherjee and David Ljunggren OTTAWA, Sept 2 (Reuters) - The Bank of Canada kept its key policy rate on hold at 2.25% on Wednesday, as widely expected, but said the risks to inflation had grown while new U.S. tariffs made growth prospects more uncertain.

Bank of Canada set to hold rates as strong growth collides with trade risks

Bank of Canada set to hold rates as strong growth collides with trade risks

By Promit Mukherjee OTTAWA, Sept 2 (Reuters) - The Bank of Canada is widely expected to keep its key policy rate unchanged at 2.25% on Wednesday as recent strong economic growth gives it room to wait while a renewed trade war with the United States clouds the outlook.

G20 finance chiefs except China back action on distorted trade

G20 finance chiefs except China back action on distorted trade

By Philip Blenkinsop and David Lawder ASHEVILLE, North Carolina, Sept 1 (Reuters) - The Trump administration won backing from all G20 financial leaders except China's on Tuesday to act against "non-market" policies and distortions that cause over-reliance on exports and hinder growth elsewhere.

Canada's Carney says US needs to start being serious before trade talks can resume

Canada's Carney says US needs to start being serious before trade talks can resume

OTTAWA, Sept 1 (Reuters) - The U.S. needs to start being serious and stop trying to be tough before talks on a possible trade deal with Canada can restart, Prime Minister Mark Carney told reporters on Tuesday.

US urges G20 to cut trade imbalances, focus on China

US urges G20 to cut trade imbalances, focus on China

By Philip Blenkinsop and David Lawder ASHEVILLE, North Carolina, Sept 1 (Reuters) - The Trump administration urged other G20 countries on Tuesday to do more to protect their domestic industries and job markets from Chinese imports, arguing such distortions were "sucking" much-needed growth out of