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Canada's second quarter GDP recovers sharply as domestic demand revives, exports grow

Canada's second quarter GDP recovers sharply as domestic demand revives, exports grow

By Promit Mukherjee OTTAWA, Aug 28 (Reuters) - Canada's economy rebounded sharply in the second quarter after six months of virtually no growth, aided by strong jump in exports and solid domestic demand, data showed on Friday.
Reuters Reuters
US inflation remains sticky in July; 2nd-quarter GDP unrevised at 1.5%

US inflation remains sticky in July; 2nd-quarter GDP unrevised at 1.5%

Aug 26 (Reuters) - Annual U.S. inflation unexpectedly held steady in July well above the Federal Reserve's 2% target for the 65th straight month, and the pause in the decline from a recent Iran-war induced peak is likely to add to the central bank's tense debate over whether interest rates should be
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Trump renames Lake Ontario as 'Lake America' amid Canada trade war

Trump renames Lake Ontario as 'Lake America' amid Canada trade war

By Gram Slattery, Tim Reid and David Shepardson WASHINGTON, Aug 27 (Reuters) - U.S. President Donald Trump renamed Lake Ontario "Lake America" on Thursday, escalating a feud with Canada that has already spawned tariffs on tens of billions of dollars in cross-border trade.
Reuters Reuters
Automakers thought Canada was getting a trade deal. Then tariffs doubled

Automakers thought Canada was getting a trade deal. Then tariffs doubled

By Nora Eckert and David Shepardson DETROIT, Aug 26 (Reuters) - Just last week, automakers were hoping summer U.S.-Canada trade talks would deliver relief from Washington's 25% tariffs that have raised the cost of shipping vehicles and parts across the border. 
Reuters Reuters
Take Five: Summer's over, buckle up!

Take Five: Summer's over, buckle up!

LONDON, Aug 28 (Reuters) - A G20 gathering, key U.S. jobs data and central bank meetings in Canada and New Zealand all suggest there's not much downtime for traders catching up on that post summer read-in.
AP News AP News
Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights

Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights

An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs
TheStreet TheStreet
Another country tells citizens to avoid non-essential travel to the U.S.

Another country tells citizens to avoid non-essential travel to the U.S.

"If you have a choice, please don't travel to the United States," the official told Canadians.
Reuters Reuters
Any US trade deal must ensure robust Canadian auto sector, ambassador says

Any US trade deal must ensure robust Canadian auto sector, ambassador says

By David Shepardson and David Lawder WASHINGTON, Aug 27 (Reuters) - Canada cannot accept a trade deal with the U.S. unless it ensures the survival of a robust Canadian auto assembly and parts industry, Canada's ambassador to Washington said on Thursday, giving no indication when talks may resume.
Reuters Reuters
Canada slaps retaliatory tariffs on US goods worth $20 billion as trade war intensifies

Canada slaps retaliatory tariffs on US goods worth $20 billion as trade war intensifies

By Promit Mukherjee and Bhargav Acharya OTTAWA, Aug 25 (Reuters) - Canada hit back on Tuesday with retaliatory tariffs on about $20 billion worth of U.S. annual imports and rolled out aid for businesses and workers, matching Washington's latest duties dollar-for-dollar.
Reuters Reuters
US inflation remains sticky in July; second-quarter GDP growth unrevised at 1.5%

US inflation remains sticky in July; second-quarter GDP growth unrevised at 1.5%

Aug 26 (Reuters) - Annual U.S. inflation unexpectedly held steady in July well above the Federal Reserve's 2% target for the 65th straight month, and the pause in the decline from a recent war-induced peak is likely to intensify the central bank's debate over whether interest rates should be lifted
AP News AP News
Trump mulls renaming Lake Ontario as 'Lake America.' Canadians balk at the idea

Trump mulls renaming Lake Ontario as 'Lake America.' Canadians balk at the idea

President Donald Trump is floating the idea of renaming Lake Ontario to become “Lake America” as his trade war with Canada intensifies
Reuters Reuters
Canadian lenders BMO, Scotiabank beat profit estimates, brush aside tariff worries

Canadian lenders BMO, Scotiabank beat profit estimates, brush aside tariff worries

By Nivedita Balu and Prakhar Srivastava Aug 25 (Reuters) - Canadian lenders Bank of Montreal and Bank of Nova Scotia on Tuesday beat quarterly profit estimates, driven by strength in their capital markets and domestic businesses, as bank CEOs brushed aside the impact of U.S.