Canada Sees Long Trade War With US, Bessent Set to Unveil Iran Plan | Opening Trade 8/24/2026
Context
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 website Bonbast, down 4.5% since US President Donald Trump announced a “crushing economic operation” against Tehran last week. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
What it means
Causal chain
No clear market signal
How to read a signal
- Severity
- the event's market impact, 1–5
- Direction
- ↑ / ↓ likely price move for the asset
- Exp. move
- the size of the abnormal move we'd expect if the call plays out — not a claim a move will happen:Most flagged events don't move beyond noise; those count against us (see the track record).Ssmall<1%Mmoderate1–5%Llarge>5%
- Timeframe
- the window we measure over:1dshort5dmedium21dlong
- Conviction
- how well-established the directional call is (textbook → speculative) — not a guaranteed outcome:lowaveragestrong
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Sign up free →Not investment advice · for informational purposes only. Generated 24 Aug, 09:57 UTC