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Prime Minister Mark Carney makes a statement outside the Office of the Prime Minister and Privy Council in Ottawa, on Tuesday, July 21, 2026. (Justin Tang/The Canadian Press via AP)
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Canada Prime Minister Mark Carney takes questions from journalists after making a statement outside the Office of the Prime Minister and Privy Council in Ottawa, on Tuesday, July 21, 2026. (Justin Tang/The Canadian Press via AP)
Canada Prime Minister Mark Carney makes a statement outside the Office of the Prime Minister and Privy Council in Ottawa, on Tuesday, July 21, 2026.(Justin Tang/The Canadian Press via AP)
Canada Prime Minister Mark Carney makes a statement outside the Office of the Prime Minister and Privy Council in Ottawa, on Tuesday, July 21, 2026. (Justin Tang/The Canadian Press via AP)
Global stock markets have rebounded after President Trump avoided reigniting a trade war with China amid tension over Hong Kong and the coronavirus pandemic.
U.S. and Chinese negotiators are scheduled to begin a 13th round of talks.
American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.
U.S. employers added a modest 130,000 jobs in August, a sign that global economic weakness and President Trump's trade war with China may have begun to slow hiring.
U.S. businesses added a healthy 195,000 jobs last month, a sign companies are still hiring despite the Trump administration's trade war with China.
Stocks dropped 3% on Wall Street, their worst loss of the year, after China countered President Trump's latest tariff threat by letting its currency weaken to the lowest level in more than 10 years.