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OPEC Ignores Trump | NAFTA Talks Likely at UN Meeting

Published September 24, 2018
  • OPEC’s lead country, Saudi Arabia, and its biggest oil producer ally outside the group, Russia, ruled out any immediate, additional increase in crude output, effectively rebuffing US President Donald Trump’s calls for action to cool the market.
  • US and Canadian officials trying to reach a deal on NAFTA are very likely to hold informal talks on the sidelines of a major UN meeting in the next few days, Canadian Prime Minister Justin Trudeau said.
  • UK’s opposition Labour Party said on Monday it would vote against any deal Prime Minister Theresa May strikes with the European Union if the agreement fails to meet its tests.
  • Canadian retail trade rose 0.3 percent in July from June, led by demand for food and higher gas prices. On the inflation front, Canada’s Consumer Price Index rose 2.8% on a year over year basis in August.