EconomyCanada Sees Long Trade War With US as Bessent Prepares Iran Plan

Prime Minister Mark Carney’s government sees little prospect of restarting negotiations with President Donald Trump before the midterm elections after trade talks collapsed, people familiar with the matter said. Iran’s rial fell to a record low against the dollar amid a growing US campaign to damage the country’s economy after nearly six months of war, trading at 1.992 million per dollar on the unregulated market Monday.

People in this report Scott Bessent