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Trudeau Shrugs Off NAFTA Deadlines | Crude Oil Prices Hold Steady

Published September 14, 2018
  • US consumer prices rose 0.2% in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs. Underlying inflation pressures also appeared to be slowing.
  • According to senior lawmakers, Britain’s opposition Labour Party is set to vote against any Brexit deal reached by Prime Minister Theresa May. The lack of a viable exit from the European Union will force May from office before Christmas.
  • Prime Minister Justin Trudeau brushed aside pressure for his government to finalize a renewed free trade deal with the US before the end the month. PM Trudeau said negotiators will work to finalize an agreement before the end of the month and will ensure a good NAFTA deal for Canadians, not just any deal.
  • Oil prices clawed back some losses from the previous session, as the focus returned to supply concerns ahead of a November deadline for US sanctions on Iranian crude. Brent crude prices had hit a low of $78.07.