Global Markets: U.S. president Trump on hot seat

By Commodity News Service Canada

WINNIPEG, Aug. 15 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Several business leaders have left the American Manufacturing Council set up by U.S. President Donald Trump’s administration. Kenneth Frazier, chief executive officer of Merck & Co. pharmaceuticals, Kevin Plank, CEO of Under Armour garment manufacturer and Intel CEO Brian Krzanich quit the panel in protest over Trump’s weak initial response to violence at a white supremacist rally in Virginia.

– North Korea has said it will hold back on plans for firing missiles toward Guam until in learns what the United States plans to do next.

– Canada has said it may refuse to sign onto to a new NAFTA trade agreement if the United States insists on removing the dispute settlement process contained in the present deal.

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