Canada's monthly gross domestic product rebounded from three months of contraction to grow by 0.2% in July as mining, manufacturing and wholesale trade boosted growth, data showed on Friday, Reuters reported. Canada's GDP had shrunk in the second quarter by 1.6% annualized and economists were closely tracking the July GDP growth figure to get an indication of whether there will be a contraction in the third quarter. Two consecutive quarters of contraction are considered a technical recession.

Factory activity in Canada looks to have stalled, with an early estimate of sales showing a pullback in August following a recovery the previous two months, the Wall Street Journal reported. Manufacturing sales fell an estimated 1.5% from a month prior, Statistics Canada said on Wednesday. The largest declines were seen in transportation equipment and food, the data agency said. There have been signs of stability for Canadian manufacturers that have been hit hard by the sharp shift in the U.S.’s approach to trade and frequently changing import tariffs.

Mexico's headline inflation sped up in the first half of September, broadly in line with market expectations, heading closer to the upper limit of the central bank's target, Reuters reported. Consumer prices were up 3.74% in the 12 months through mid-September, statistics agency INEGI said, speeding from a prior figure of 3.49%. While the market expects inflation in Latin America's second-largest economy to reach 3.9% by the end of the year, Banxico, as the central bank is known, targets an inflation rate of 3%, plus or minus a percentage point.

British Columbia Finance Minister Brenda Bailey says that government’s plan to find $1.5 billion in savings over three years won’t be enough to “start bending the curve towards balance” as the province forecasts an unprecedent deficit of $11.6 billion, BNN Bloomberg reported.

In the days leading up to his announcement of a new $100,000 fee for H-1B visas, Commerce Secretary Howard Lutnick summoned to the White House a group of President Trump’s allies from anti-immigration groups to sell them on his idea, the Wall Street Journal reported. Lutnick, who is personally close to Trump, had for months been working on a different pet project: a “gold card” that would provide a path to citizenship to wealthy foreigners willing to pay $1 million.

Altos Hornos de México (Ahmsa), once the country's largest steelmaker, is continuing its bankruptcy process by selling assets to raise up to US$1.326 billion, BNamericas.com reported. The second district judge in bankruptcy matters, Ruth Huerta, authorized the public announcement of the proposed sale of the assets of Ahmsa and its subsidiary, Minera del Norte ( Minosa ). Of the total amount, approximately US$1.2 billion corresponds to Ahmsa's assets and US$125 million to Minosa's assets, according to a court settlement dated September 11 and disclosed last week.

The governments of Britain and the United States will set up a body to reduce red tape for firms seeking to access capital markets on both sides of the Atlantic and improve cooperation on crypto assets, Britain's finance ministry said on Monday, Reuters reported. The Transatlantic Taskforce for Markets of the Future will report back within 180 days on ways to enhance collaboration in the short term and on longer-term options, including in wholesale digital markets, the Treasury said. Creation of the taskforce was approved by British finance minister Rachel Reeves and U.S.

Treasury Secretary Scott Bessent on Monday announced the Trump administration is looking at options to provide Argentina a financial lifeline as the country struggles to overhaul its economy, the Wall Street Journal reported. Bessent in a series of posts on X laid out the options administration officials are reviewing to backstop Argentina if the country under President Javier Milei’s leadership can’t overcome its financial woes. “These options may include, but are not limited to, swap lines, direct currency purchases, and purchases of U.S.

President Donald Trump’s new $100,000 fee for high-skill visa holders only applies to new applicants — not current visa holders who may be on travel outside of the U.S. — according to the White House, Politico reported. The president’s H-1B announcement on Friday immediately spurred chaos, with companies and immigration lawyers warning travelers to return to the U.S. before midnight on Sunday, when the new policy is scheduled to kick in.