Warfare.
Open economic warfare broke out between the US and its historically closest ally and second-largest trading partner over the weekend as Canada terminated trade negotiations in response to having been “attacked” by the US, according to Prime Minister Carney who openly said that “America is trying to break us, so it can own us”. He effectively told the Trump administration where to stick its 50% tariff policy and promised to match American levies “dollar for dollar”.
It was a sneakily important week for financial markets. With no end in sight to the quagmire that is the Iran war, oil prices…
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