The Daily Editor

The Trump administration has warned Canada that it 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 Friday, with the US retaliating by immediately imposing 50% tariffs which will hit about $20 billion worth of Canadian goods,

 » Read more about: US says 'foolish' Canada faces 'devastating' trade war  »

Canadian Prime Minister Mark Carney has announced retaliatory tariffs that will “match Washington’s new tariffs dollar for dollar” after days of intense negotiations between the United States and Canada broke down.

The tit-for-tat response came after US President Donald Trump imposed a 50 percent levy on $20bn of Canadian goods,

 » Read more about: Canada, US and tit-for-tat tariffs: How will they impact their economies?  »

Warren Buffett is one of the most successful investors in history, and people around the world always want to know what he is buying. But Buffett himself will tell you that most investors don’t have his level of knowledge and access are generally better off owning low-cost index funds.

There’s a lot behind that statement,

 » Read more about: 5 ETFs Warren Buffett Would Consider Now — Simple Picks for Beginners  »

 » Read more about: Trump Just Restarted the Trade War With Canada. Should Stock Investors Be Worried?  »

 » Read more about: Trump says Canada wants ‘benefit’ of U.S. state without being one as trade war escalates  »

The collapse of trade talks between the US and Canada has been followed by defiant talk from both governments (SAUL LOEB) The Trump administration on Sunday 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 neighbor. Negotiations between Washington and Ottawa broke down late Friday,

 » Read more about: Trump admin predicts US trade war ‘devastating’ for Canada  »

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Morgan Stanley’s latest 13F is circulating on crypto social channels as evidence of an institutional XRP conviction call. The disclosed positions read as opportunistic, undersized and neutral, sized as a rounding error against the bank’s overall book.
The Q2 2026 filing, submitted Aug. 13, and reporting positions as of June 30 showed an entirely different XRP ETF lineup than Q1 plus a larger reported holding in Armada Acquisition Corp.

 » Read more about: Inside Morgan Stanley’s XRP Shuffle: Three New ETFs and a Much Bigger SPAC Position  »

This article was written by23.81K FollowersFollowIan Bezek is a former hedge fund analyst at Kerrisdale Capital. He has spent the decade living in Latin America, doing the boots-on-the ground research for investors interested in markets such as Mexico, Colombia, and Chile. He also specializes in high-quality compounders and growth stocks at reasonable prices in the US and other developed markets.

 » Read more about: XLF: Why Fund Managers Loaded Up On Financial Stocks In Q2  »

Sen. Susan Collins (R-Maine) pushed the Trump administration to “consider the negative impact” that engaging in a tariff war with Canada may have on American constituents, straying away from some of her GOP peers.Republican lawmakers were split Saturday after negotiations between Canada and the U.S. fell through, causing the White House to impose a 50 percent tax on over $20 billion worth Canadian goods.

 » Read more about: Collins asks White House to consider ‘negative impact’ of Canada trade war  »

Conference Board warns rising US debt could drive up borrowing costs, erode Social Security benefits, and squeeze small business owners.

America’s national debt has surpassed $39 trillion, or roughly $116,000 for every man, woman, and child in the country, and a new report from the Conference Board warns that financial advisors should be preparing their clients for the concrete,

 » Read more about: How national debt threatens clients’ retirement and home plans  »