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Trump administration predicts US trade war 'devastating' for Canada

WASHINGTON: The Trump administration on Sunday (Aug 23) warned that Canada would be “foolish” to think it could win a trade war with the United States, predicting a “devastating” impact on its northern neighbour.

Negotiations between Washington and Ottawa broke down late on Friday, putting into force new 50 per cent US tariffs impacting about US$20 billion worth of Canadian goods,

 » Read more about: Trump administration predicts US trade war 'devastating' for Canada  »

Cathie Wood Calls Disappearance of Entry-Level Corporate Jobs a ‘Blessing in Disguise,’ Backs Elon Musk’s AI-Powered One-Person Company Vision

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ARK Invest CEO Cathie Wood said artificial intelligence could turn the loss of entry-level corporate jobs into an entrepreneurial boom, backing Elon Musk’s proposal to use Grok to create an “instant one-person company.”

 » Read more about: Cathie Wood Calls Disappearance of Entry-Level Corporate Jobs a ‘Blessing in Disguise,’ Backs Elon Musk’s AI-Powered One-Person Company Vision  »

US just lost 23,000 jobs — Bessent says, ‘we don’t need as many jobs’ amid deportations

US Treasury Secretary Scott Bessent said the United States does not need to create as many jobs as it did in the past because deportations and lower immigration under President Donald Trump have reduced the size of the workforce.

Speaking to CNBC last week, Bessent was asked about signs that the US job market is weakening.

 » Read more about: US just lost 23,000 jobs — Bessent says, ‘we don’t need as many jobs’ amid deportations  »

U.S. trade war will be ‘devastating’ for Canada: Trump admin

CTV National News: Trump accuses Canada of wanting to be a state

CTV National News: Small businesses fear potential layoffs as Canada-U.S. trade talks worsen

‘Canada is one of our greatest trading partners’: U.S. farmer speaks out against Trump’s tariffs

Trump ‘wanted to claim a political victory’ in trade talks with Canada: analyst

Most premiers unite in support of PM’s reciprocal tariffs on the U.S.

 » Read more about: U.S. trade war will be ‘devastating’ for Canada: Trump admin  »

US and Canada “at war” over trade

Trucks wait to cross the United States border on the Peace Bridge, Thursday, Feb. 27, 2025. [AP Photo/Lauren Petracca]

Canadian prime minister Mark Carney has declared that Canada is “at war” with the United States on trade following the collapse of several weeks of talks with the Trump administration over its move to impose a 50 percent tariff on $20 billion worth of Canadian goods,

 » Read more about: US and Canada “at war” over trade  »

I've Covered Nvidia for 9 Years. Here's Whether the Stock Is Overvalued Right Now.

Key Points

  • I do not own Nvidia for varied reasons, but it is an excellent choice for some types of investors.

  • Despite huge growth, the stock trades at a P/E ratio of 33.

  • The likelihood of a growth slowdown and management’s funding of its customers’

 » Read more about: I've Covered Nvidia for 9 Years. Here's Whether the Stock Is Overvalued Right Now.  »

Stock futures slip after Dow posts back-to-back weekly declines: Live updates

Traders work on the floor of the New York Stock Exchange during morning trading on July 24, 2026 in New York City.

Michael M. Santiago | Getty Images

Stock futures fell slightly on Sunday night, as traders looked to recover from a losing week sparked by a sharp jump in Treasury yields.

 » Read more about: Stock futures slip after Dow posts back-to-back weekly declines: Live updates  »

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