Canadian Premiers Remain Divided on Tariff Response as Carney Leaves U.S. Without Deal

Premiers remain at odds over how best to respond to U.S. tariffs, a day after Prime Minister Mark Carney left a meeting in Washington without announcing any breakthroughs on a deal, BNN Bloomberg reported. Speaking at a conference in Toronto hosted by BMO and Eurasia Group, Ontario Premier Doug Ford said that he remains prepared to cut off shipments of energy, minerals and other exports if the U.S. doesn’t relent on tariffs. Alberta Premier Danielle Smith, also speaking at the U.S.-Canada Summit, said she still doesn’t support halting shipments south.
Canada
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Canadians Face Tough Decisions as Financial Strain Deepens

According to the latest MNP Consumer Debt Index data, Canadians' financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence. Three in ten Canadians say that they have reduced their utility consumption, while a quarter report eating less to save money. The Index dropped two points to 86 this quarter -- its lowest September reading since 2023. Read more.
Canada
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Brazilian Phone Carrier Denied Access to U.S. Chapter 11

A bankruptcy judge in New York said Oi S.A. can’t withdraw from the chapter 15 proceeding that recognized its Brazilian bankruptcy in the U.S., upending the Brazilian telecommunications company’s plan to pursue a chapter 11 case instead, WSJ Pro Bankruptcy reported. Judge Lisa Beckerman of the U.S. Bankruptcy Court in New York on Wednesday denied the company’s requests to terminate her March 2023 order recognizing its Brazilian bankruptcy in the U.S. and to dismiss the chapter 15 petition that led to that recognition order.
Brazil
United States
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Carney to Meet Trump Next Week as New Tariffs Hit Canada’s Economy

Prime Minister Mark Carney is set to head to Washington early next week to meet with U.S. President Donald Trump – his second visit since becoming prime minister, BNN Bloomberg reported. Carney will leave for Washington on Monday evening and will meet with Trump on Tuesday, in what the Prime Minister’s Office (PMO) is describing as a “working visit and meeting.” Foreign Affairs Minister Anita Anand, Industry Minister Melanie Joly and Canada-U.S. Trade Minister Dominic LeBlanc will accompany Carney.
Canada
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A Wave of Venue Closures Fears for Canada’s Live Music Scene

Canada’s live music scene is shrinking, and with it, the stages where Canada’s next generation of artists make their debut, BNN Bloomberg reported. The latest loss is Velvet Underground, a 350-person capacity venue on Queen Street West in Toronto that announced earlier this month it will permanently close at the end of October. It joins a growing list of closures across the country, including the Dakota Tavern in Toronto, 648 Kingsway in Vancouver, Blue Dog Bar in Montreal and the Dream Cafe in St. John’s.
Canada
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China Factory Activity Shrinks Again as Firms Watch for Stimulus, U.S. Trade Deal

China's manufacturing activity shrank for a sixth month in September, an official survey showed on Tuesday, suggesting producers are waiting for further stimulus to boost domestic demand, as well as clarity on a U.S. trade deal, Reuters reported. The official purchasing managers' index (PMI) rose to a six-month high of 49.8 in September versus 49.4 in August. It remained below the 50-mark separating growth from contraction. The prolonged slump underlines the twin pressures on China's economy: domestic demand has failed to mount a durable recovery in the years since the pandemic while U.S.
China
United States
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