U.S. President Donald Trump said on Thursday that all trade negotiations with Canada have been terminated, accusing Ottawa of using a "fraudulent" advertisement involving late President Ronald Reagan. In a post on his social media platform Truth Social, Trump alleged that the Ronald Reagan Foundation had announced Canada used a fake ad featuring Reagan criticizing tariffs. Trump claimed the ad, which he said "was for" $75 million, was created to "interfere with the decision of the U.S. Supreme Court, and other courts." "Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA...
The annual inflation rate in the US rose to 3% in September 2025, the highest since January, from 2.9% in August and below forecasts of 3.1%. The energy index increased 2.8% and the food index increased 3.1%. Meanwhile, core inflation actually slowed to 3% from 3.1%, with markets expecting it to stay at 3.1%. Compared to the previous month, the CPI increased 0.3%, below 0.4% in August and forecasts of 0.4%. The index for gasoline rose 4.1% and was the largest factor in the all items monthly increase Source: Trading Economi
Business activity in the United States' (US) private sector expanded at a healthy pace in October, with the S&P Global Composite Purchasing Managers' Index (PMI) improving to 54.8 in the flash estimate from 53.9 in September. In this period, the S&P Global Manufacturing PMI edged higher to 52.2 from 52, while the Services PMI climbed to 55.2 from 54.2. Both of these prints came in better than analysts' estimates. Assessing the survey's findings, "October's flash PMI data point to sustained strong economic growth at the start of the fourth quarter, with business activity picking up...