Posthaste: What Trudeau wants from Trump, Iran shoots down U.S. drone, and Slack’s message to investors

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Get ready for awkward handshakes and body language as Prime Minister Justin Trudeau and President Donald Trump meet in Washington to discuss China and trade, and put up a united front as they push NAFTA agreement through the U.S. political process, where Democrats hold the key to ratification.

Trump, however, might be slightly distracted as Iran reportedly shot down a U.S. drone in the Gulf, sending oil prices 3 per cent higher. Markets are in a frenzy at the prospect of U.S. Federal Reserve rate cut, and Oxford Economics sees it as bearish for the U.S. dollar. “Bull-steepening of the Treasury yield curve – one of our core high-conviction tactical calls – is likely to facilitate USD weakness, as long as global risk sentiment does not falter,” Oxford said in a note to clients. “But even if risk sentiment falters, we see more protracted USD weakness versus the lowest-yielding G10 safe havens.”

Slack, the email alternative that has swept the corporate world, is going for a public listing today, rather than an initial public offering, in order to avoid price volatility.Canadian inflation has surged to its highest level in seven years — posting upward momentum in all eight major components. The CPI rose 2.4 per cent, versus expectations of 2.1 per cent, bolstered by housing costs that grew 2.7 per cent.

 

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The expression on Trump's face is the universal expression for contempt.

What Trudeau wants from POTUS ? BALLS 😎

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