ABE NEWS | TUESDAY, AUGUST 25, 2026 Canada has officially answered Washington’s latest tariffs, and the response marks another serious deterioration in one of the world’s largest and most deeply integrated trading relationships. The federal government announced Tuesday that it will impose new retaliatory tariffs on C$27.6 billion worth of goods imported from the…
ABE NEWS | TUESDAY, AUGUST 25, 2026 The trade confrontation between Canada and the United States has moved directly into one of the most important industries connecting the two economies. President Donald Trump is threatening to impose 50% tariffs on Canadian-made cars, trucks and automotive parts beginning January 1, 2027, dramatically escalating the dispute…
ABE NEWS | MONDAY, AUGUST 24, 2026 China has a problem. The world’s second-largest economy is still growing, but one of the engines that helped power its extraordinary rise is moving in the wrong direction. Investment is falling. During the first seven months of 2026, China’s fixed-asset investment contracted 6.7%. Economic growth slowed from…
ABE NEWS | SATURDAY, AUGUST 22, 2026 For three days, Canada and the United States appeared to be moving toward a trade agreement. By midnight, it was gone. After intense negotiations in Washington, the two countries failed to finalize a deal Friday night. At 12:01 a.m. Saturday, the United States imposed new 50% tariffs…
ABE NEWS | THE WEEK IN BUSINESS | FRIDAY, AUGUST 21, 2026 Some weeks in business are dominated by one enormous event. This wasn’t one of them. Instead, the global economy spent the week sending signals from almost every direction. The United States crossed $40 trillion in national debt. Long-term government borrowing costs reached…
ABE NEWS | FRIDAY, AUGUST 21, 2026 Bitcoin is suddenly moving again. The world’s largest cryptocurrency surged above $76,000 on Friday, reaching its highest level in more than two months and putting it on course for a gain of roughly 20% this week — its strongest weekly performance in about two and a half…
ABE NEWS | THURSDAY, AUGUST 20, 2026 America just crossed a number that is difficult to even imagine: $40 TRILLION. The U.S. national debt officially reached $40.047 trillion, according to the Treasury Department. Of that, about $32.3 trillion is debt held by the public, while another $7.8 trillion is held within government accounts. Forty…
ABE NEWS | WEDNESDAY, AUGUST 19, 2026 Canada went to bed Tuesday night facing a 50% tariff. It woke up Wednesday without one. Less than two hours before nearly $20 billion worth of Canadian imports were supposed to face new U.S. tariffs, President Donald Trump stopped the clock. But only for: THREE DAYS. Trump…
ABE NEWS | TUESDAY, AUGUST 18, 2026 Oil is above $90. Government borrowing costs are surging. Technology stocks are falling. And one U.S. interest rate has reached a level investors haven’t seen since 2007. At first, those sound like four different stories. They’re not. Tuesday’s market selloff is showing exactly how quickly trouble in one part…
ABE NEWS | MONDAY, AUGUST 17, 2026 Canada just got another inflation warning. The country’s annual inflation rate climbed to 3.0% in July, reaching the top of the Bank of Canada’s 1%–3% inflation-control range. But before blaming rent. Or groceries. Or wages. Look at one number: 25.7%. That’s how much gasoline prices increased compared…
