U.S. President Donald Trump said on Friday the United States and Canada will not restart trade talks but Canadian Prime Minister Mark Carney apologized to him for an Ontario political ad using former President Ronald Reagan saying that tariffs spell disaster, Reuters reported. "I like him a lot but what they did was wrong," he said. "He apologized for what they did with the commercial because it was a false commercial." Carney did not immediately respond to requests for comment.

The Bank of Canada signaled it has emptied its toolbox to help an economy hurting from the trade row with the U.S., the Wall Street Journal reported. Canada’s central bank cut its main interest rate on Wednesday, to 2.25%, and said the rate is “at about the right level” to keep inflation intact at its 2% target. It’s taking this approach even though its own economic outlook is bleak over the next two years. Gov. Tiff Macklem said that President Trump’s shift on trade has scarred the economy.

Job seekers face an increasingly difficult market as new Statistics Canada data reports vacancies were the lowest in almost a decade, BNNBloomberg reported. The Statistics Canada report states vacancies across Canada were 457,400 in August. Vacancies were 435,500 in August 2017. The numbers of this year coincide with a rise in the unemployment rate. The job vacancy rate, which corresponds to the number of vacant positions as a proportion of total labour demand, was 2.6 per cent in August. On a year-over-year basis, the unemployment-to-job vacancy ratio was up by 0.7 in August 2025.

The Bank of Canada reduced its key overnight interest rate to 2.25% on Wednesday, as widely expected, and signaled this could mark an end to its cutting cycle unless the outlook for inflation and economy changed, Reuters reported. The 25 basis point cut, the second in row, brings down the rate to the lowest since July 2022. Governor Tiff Macklem said the easing was designed to help the economy deal with the disruption done by U.S. tariffs while keeping inflation close to the bank's 2% target. In January the bank had forecast the economy would grow by 1.8% in both 2025 and 2026.

Canadian artificial intelligence company 3MotionAI Inc. is seeking U.S. bankruptcy court recognition of its Ontario insolvency case and aims to halt a competitor’s noncompete litigation in Delaware, Bloomberg Law reported. 3MotionAI is looking to pause a suit brought by VelocityEHS Holdings Inc. as it prepares to sell its assets, according to a chapter 15 petition filed on Thursday in the U.S. Bankruptcy Court for the District of Delaware.

Donald Trump has said he is adding 10% to US tariffs on goods imported from Canada, after the province of Ontario aired an anti-tariff advertisement featuring Ronald Reagan, BBC.com reported. Calling the advert a "fraud", the US president lashed out at Canadian officials for not removing it ahead of the World Series baseball championship. Prime Minister Mark Carney said in response that Canada was ready "to continue to build on the progress we had been making" in trade talks, but added that it was developing trade relationships with other countries.

President Donald Trump said he would immediately halt all trade negotiations with Canada, citing a Canadian advertisement against his signature tariffs plan featuring the voice of former President Ronald Reagan, Bloomberg News reported. “TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.,” Trump wrote on his Truth Social platform.

Prime Minister Mark Carney said on Friday that Canada stands ready to resume trade talks with the United States that President Donald Trump halted over an anti-tariff advertisement issued by Ontario's provincial government, Reuters reported. Trump terminated the talks on Thursday over the video which used Republican icon, former President Ronald Reagan, saying tariffs cause trade wars and economic disaster. In a late-night social media post, Trump called the ad fraudulent.

Motor vehicles and parts led retail sales increases for the month of August, according to new data from Statistics Canada, BNNBloomberg reported. For a third consecutive month, motor vehicle and parts dealerships showed an increase of 1.8 per cent. It was led by higher sales at new car dealers at a 2.3 per cent bump, followed by used car dealerships, which saw sales grow by 1.5 per cent. While auto sellers pressed the acceleration pedal in August, sales at gas stations and fuel vendors continued downhill with a decrease of two per cent.