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.
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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.
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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.
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Canada's government is to provide C$400 million ($287.13 million) in financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Minister Patty Hajdu said on Monday, Reuters reported. The company has been one of the large steel enterprises worst hit by the 25% tariffs U.S. President Donald Trump slapped on Canadian imported steel, a duty he later cranked up to 50%.
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Germany expects the United States to apply a 15% tariff rate to pharmaceuticals and heavy trucks, a government spokesperson said during a regular press conference on Monday, Reuters reported. U.S. President Donald Trump unveiled sweeping new import tariffs last week, including 100% duties on patented drugs and 25% levies on heavy-duty trucks, triggering fresh trade uncertainty.
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