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.

U.S. President Donald Trump said on Thursday he had agreed with President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, resuming U.S. soybean purchases and keeping rare earths exports flowing, Reuters reported. Trump's face-to-face talks with Xi in the South Korean city of Busan, their first since 2019, marked the finale of a whirlwind Asia trip on which he also touted trade breakthroughs with South Korea, Japan and Southeast Asian nations.

New Fortress Energy, a U.S. liquid natural gas (LNG) infrastructure firm, is considering restructuring its $9 billion debt via a U.K. “scheme of arrangement” rather than filing for chapter 11 bankruptcy in the U.S., according to Bloomberg News. This court-supervised U.K. process could be cheaper and less disruptive to the company’s contracts than a typical U.S. bankruptcy proceeding.

One-time Irish property mogul Seán Dunne’s long-shot effort to delay distribution of more than $16 million in assets from his decade-plus bankruptcy case in the United States succeeded on Tuesday, the Irish Times reported. After hearing more than hour of argument from Mr. Dunne and lawyers for the U.S. bankruptcy trustee, Judge Julie Manning said that she would hold off on approving the final report and distribution of the funds until she reviews the record and rules on issues Mr. Dunne raised. Mr.

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.

US President Donald Trump and South Korean President Lee Jae Myung finalized a trade deal Wednesday, capping months of negotiation over implementation of a framework agreement struck in July, Bloomberg News reported. The deal will see Seoul make $150 billion in shipbuilding investments, with an additional $200 billion earmarked for an investment pledge designed to look like a similar agreement with Japan, South Korea Policy Chief Kim Yong-beom said Wednesday. That suggests South Korea can use not only equity but loans and loan guarantees to fund the investment package, a key concession.