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High unemployment and interest rates have historically contributed to more people defaulting on their mortgages, particularly in the Greater Toronto Area.

The 2025 Wells Fargo Supply Chain Report confirmed a prevailing belief that businesses were proactive in importing freight to the U.S. in advance of tariffs taking effect earlier this year.

President Donald Trump’s decision to scrap the policy means that surprise bills will increasingly accompany deliveries that have become a staple of modern life for many consumers.

The Universal Postal Union said it sent a letter to Secretary of State Marco Rubio on Aug. 26 to express concerns the agency’s member countries have about the end of the “de minimis exemption."

The announcement follows similar moves by postal services from the European Union and several other countries as the de minimis exemption ends Aug. 29.

Trade envoy Ryosei Akazawa was scheduled to leave Tokyo for Washington on Aug. 28 but Chief Cabinet Secretary Yoshimasa Hayashi told reporters some details required further consultations.

Announced buybacks surpassed $1 trillion on Aug. 20, marking the shortest amount of time needed to reach that level, according to data compiled by Birinyi Associates.

The tariff hikes, expected for imports including cars, textiles and plastics, aim to shelter domestic manufacturers from Chinese competition, according to people briefed on the matter.

Q3 data from Statistics Canada’s Canadian Survey on Business Conditions said 42% of businesses didn’t pass along tariff-related cost increases to their customers in the past six months. 

The Port of Los Angeles reported its busiest month on record with container volume increasing 8.5% to 1,019,837 20-foot-equivalent units from 939,600 last year.