Canada Sees Long Trade War With US, Bessent Set to Unveil Iran Plan | Opening Trade 8/24/2026

Prime Minister Mark Carney’s government sees little chance of resuming talks with President Donald Trump before the midterm elections after trade negotiations collapsed, according to people familiar with the matter. Iran’s currency weakened to an all-time low against the dollar amid a mounting US campaign to cripple the country’s economy after almost six months of war. The rial was trading at 1.992 million per dollar on the unregulated market on Monday, according to data from tracking websit...