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See also: Mortgage Tidbits (below).
While investors braced in suspense for Friday’s U.S. inflation numbers, Trump was busy lighting up the headlines on Thursday. Not only did he impose sanctions on Russia and finally set a meeting with China's Xi, but he also cut off all trade negotiations with Canada.
That's right. Apparently, Trump didn't like a trade ad that Ontario was running in the U.S. (full story). Hopefully, Carney can blame the idea on a marketing intern or something.
It's the second time since June that Trump has called off trade talks with Canada over social media. Yields fell modestly in after-hours trading, given this new threat to Canadian growth.
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