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2026-08-28

Canadian Ambassador to Washington, Wiesman: Canada cannot accept a trade agreement with the United States unless it can ensure the survival of Canada's auto assembly and parts industry.

Canadian Ambassador to Washington, Wiesman: Canada cannot accept a trade agreement with the United States unless it can ensure the survival of Canada's auto assembly and parts industry.
2026-08-28

After US President Trump on Aug. 27 signed an executive order renaming Lake Ontario “American Lake”, Canada’s prime minister Carney posted on social media that the name Lake Ontario has more than 400 years of history, predates Canadian Confederation

After US President Trump on Aug. 27 signed an executive order renaming Lake Ontario “American Lake”, Canada’s prime minister Carney posted on social media that the name Lake Ontario has more than 400 years of history, predates Canadian Confederation and the US Declaration of Independence, and will not be changed.
2026-08-28

Week to Aug. 21: foreign central banks' holdings of U.S. Treasures $29.075 bln; prior week -$10.671 bln.

Week to Aug. 21: foreign central banks' holdings of U.S. Treasures $29.075 bln; prior week -$10.671 bln.
2026-08-28

Foreign central banks held $29.075 billion in U.S. Treasury securities in the week ending August 21, compared with a previous week's figure of -$10.671 billion.

Foreign central banks held $29.075 billion in U.S. Treasury securities in the week ending August 21, compared with a previous week's figure of -$10.671 billion.
2026-08-28

The OCC and FDIC will unveil rules refocusing enforcement on Thursday material financial risks, aiming to move away from checklist-style exams and concentrate on risks that could threaten bank survival. Reforms include a narrower, newly defined stand

The OCC and FDIC will unveil rules refocusing enforcement on Thursday material financial risks, aiming to move away from checklist-style exams and concentrate on risks that could threaten bank survival. Reforms include a narrower, newly defined standard for unsafe or unsound practices and a higher threshold for issuing matters requiring attention, the formal written notices that compel corrective action. The agencies said the changes follow criticism over their handling of SVB’s interest-rate and liquidity risks. The OCC will for the first time publish its policy and procedures manual and will classify violations as substantive or technical, with non-substantive breaches to be handled outside the formal written-notice system.
2026-08-28

According to an official from a U.S. banking regulator, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) will release a new set of rules on Thursday, with the core idea being to "focus regulator

According to an official from a U.S. banking regulator, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) will release a new set of rules on Thursday, with the core idea being to "focus regulatory attention on significant financial risks." Regulators stated that this reform aims to prevent bank inspections from becoming a "check-off compliance effort," instead concentrating on the most critical financial risks that could jeopardize a bank's survival. The reform includes a new definition of the term "dangerous or unsound behavior," which previously had considerable room for interpretation. The new rules will also raise the bar for issuing "issues of concern," formal notices issued by regulators to banks requiring them to rectify existing problems. Previously, U.S. regulators faced criticism for failing to address Silicon Valley Bank's interest rate and liquidity risks in a timely manner. The regulatory official stated, "We are pushing regulators and banks to focus their attention on the risks that are most important to them—those that could have a significant impact on their balance sheets and liquidity." Furthermore, the OCC announced that it will release its policy and procedure manuals for the first time to improve transparency and accountability. The agency stated that it will now categorize legal and regulatory violations into "substantive violations" and "technical violations." For non-substantive violations, regulators will seek to address them outside of the formal written notification system.
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