On Friday, Canada is set to announce the removal of numerous retaliatory tariffs on American goods as a goodwill gesture to re-energise trade talks with Washington, a source told reporters.
The tariffs on U.S. autos, steel and aluminum will remain in place for now due to ongoing sensitivities. Prime Minister Mark Carney is expected to make the announcement at a press conference.
The development boosted the Canadian dollar, which rose 0.5% to C$1.3837 per U.S. dollar (72.27 U.S. cents) by late morning.
Ottawa has been negotiating with Washington for months on a new economic and security framework, though the two sides remain far from reaching a deal.
Carney spoke with U.S. President Donald Trump on Thursday in what his office described as a “productive” conversation, the first since June. His office did not comment further on Friday’s planned announcement.
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On Friday, Canada is set to announce the removal of numerous retaliatory tariffs on American goods as a goodwill gesture to re-energise trade talks wi...
Canadian Prime Minister Mark Carney spoke with U.S. President Donald Trump on Thursday and had "a productive and wide-ranging conversation" on trade challenges and other issues, Carney's office said in a statement.
Air Canada's unionised flight attendants reached an agreement with the country's largest carrier on Tuesday, ending the first strike by its cabin crew in 40 years that had upended travel plans for hundreds of thousands of passengers.
Air Canada and the union representing 10,000 striking flight attendants resumed initial talks on Monday night, the first contact in nearly a week, according to a statement from the Canadian Union of Public Employees (CUPE).
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, according to federal officials.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Iranian Foreign Minister Abbas Araqchi and his French, British and German counterparts agreed on Friday to restart negotiations next week on nuclear and sanctions issues, according to Iranian state media.
Ukrainian President Volodymyr Zelenskyy accused Russia on Friday of obstructing plans for a summit with Vladimir Putin, while security guarantees for Ukraine remain under discussion with NATO allies.
Estonia has announced readiness to join a peacekeeping mission in Ukraine, offering up to one battalion for future deployment.
Ukraine’s President Volodymyr Zelenskyy has said that he wants Türkiye inclusion in the provision of security guarantees for his nation in the event of a ceasefire deal.
Russian oil supplies to Hungary and Slovakia could be suspended for at least five days following the latest Ukrainian strike on a facility in Russia, the Hungarian and Slovakian governments said on Friday (22 August), in a widening of the fallout of the Ukraine war.
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