IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,185,257 ▼ 3.22% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.45% USD/MXN17.42▲ 0.18% USD/CLP924.00▼ 0.22% USD/COP3,224▼ 1.11% USD/PEN3.38▼ 0.06% USD/ARS1,475▼ 0.07% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.14▼ 0.19% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.84▲ 0.54% BRENT 84.94 ▼ 0.01% WTI 79.00 ▼ 0.75% IRON ORE 161.91 — — COPPER 6.29 ▼ 0.12% GOLD 3,981 ▼ 1.55% SILVER 55.73 ▼ 2.43% SOY 1,194 ▼ 0.71% CORN 463.50 ▲ 3.58% WHEAT 674.25 ▼ 0.48% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.78 ▲ 0.13% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 662.00 ▼ 1.34% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,260 ▼ 3.58% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,558 ▼ 1.52% BYMA 301.50 ▼ 0.82% TELECOM ARG 4,180 ▼ 3.13% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 63,784 ▼ 1.43% ETH 1,861 ▼ 2.90% SOL 75.22 ▼ 2.65% XRP 1.09 ▼ 2.31% BNB 572.36 ▼ 1.33% ADA 0.16 ▼ 2.85% DOGE 0.07 ▼ 2.42% AVAX 6.50 ▼ 2.93% LINK 8.32 ▼ 2.52% DOT 0.86 ▲ 1.01% LTC 44.94 ▼ 0.41% BCH 221.45 ▼ 0.76% TRX 0.32 ▼ 0.44% XLM 0.19 ▼ 1.60% HBAR 0.07 ▼ 1.98% NEAR 1.97 ▼ 4.70% ATOM 1.51 ▼ 2.93% AAVE 91.11 ▼ 4.93% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR16.40▲ 0.45% USD/NGN 1,378 — 0.00% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY162.34▲ 0.10% USD/CNY 6.7632 — 0.00% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD1.14▼ 0.14% GBP/USD1.35▲ 0.60% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 16.73 ▲ 6.76% USD/CAD1.40▼ 0.03% US10Y 4.5690 ▲ 0.53% IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,185,257 ▼ 3.22% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.45% USD/MXN 17.42 ▲ 0.18% USD/CLP 924.00 ▼ 0.22% USD/COP 3,224 ▼ 1.11% USD/PEN 3.38 ▼ 0.06% USD/ARS 1,475 ▼ 0.07% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.31% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.84 ▲ 0.54% BRENT 84.94 ▼ 0.01% WTI 79.00 ▼ 0.75% IRON ORE 161.91 — — COPPER 6.29 ▼ 0.12% GOLD 3,981 ▼ 1.55% SILVER 55.73 ▼ 2.43% SOY 1,194 ▼ 0.71% CORN 463.50 ▲ 3.58% WHEAT 674.25 ▼ 0.48% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.78 ▲ 0.13% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 662.00 ▼ 1.34% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,260 ▼ 3.58% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,558 ▼ 1.52% BYMA 301.50 ▼ 0.82% TELECOM ARG 4,180 ▼ 3.13% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 63,784 ▼ 1.43% ETH 1,861 ▼ 2.90% SOL 75.22 ▼ 2.65% XRP 1.09 ▼ 2.31% BNB 572.36 ▼ 1.33% ADA 0.16 ▼ 2.85% DOGE 0.07 ▼ 2.42% AVAX 6.50 ▼ 2.93% LINK 8.32 ▼ 2.52% DOT 0.86 ▲ 1.01% LTC 44.94 ▼ 0.41% BCH 221.45 ▼ 0.76% TRX 0.32 ▼ 0.44% XLM 0.19 ▼ 1.60% HBAR 0.07 ▼ 1.98% NEAR 1.97 ▼ 4.70% ATOM 1.51 ▼ 2.93% AAVE 91.11 ▼ 4.93% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR 16.40 ▲ 0.14% USD/NGN 1,378 — 0.00% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY 162.33 ▼ 0.01% USD/CNY 6.7632 — 0.00% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD 1.1448 ▲ 0.03% GBP/USD 1.3476 ▼ 0.03% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 16.73 ▲ 6.76% USD/CAD 1.4038 ▼ 0.01% US10Y 4.5690 ▲ 0.53%
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Thursday, July 16, 2026

USA & Canada USA & Canada Intelligence Brief

USA & Canada Intelligence Brief — Thursday, July 16, 2026

· July 16, 2026 · 7 min read

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Executive Summary

USA & Canada Intelligence Brief July 16 — US hits Canada with 35% tariffs as Epstein files advance and political scandals erupt. A flamethrower attack

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Rio Times · USA & Canada Intelligence Brief July 16

USA & Canada Intelligence Brief July 16 — Key Facts

Tariff Rate President Trump signed an order raising tariffs on Canadian goods to 35%, escalating a trade war.

Canada Responds Prime Minister Mark Carney reaffirmed commitment to the USMCA and is seeking bilateral tariff relief from Washington.

Colorado Attack Eight people were injured by a man with a makeshift flamethrower shouting “free Palestine” in Colorado.

ICE Shooting A fatal shooting by ICE agents in Maine followed a similar incident in Houston, sparking accountability demands.

Toronto Festival A shooting at a Toronto salsa festival left two people dead and four seriously injured, horrifying the nation.

Bank Rate Held The Bank of Canada kept its policy rate at 2.25% but warned of possible hikes due to Iran war inflation.

USA & Canada Intelligence Brief July 16 — A sudden US tariff hike to 35% on Canadian goods has shattered regional trust, leaving Canada feeling betrayed and defiant on the eve of the World Cup final.

USA & Canada Intelligence Brief July 16
USA & Canada Intelligence Brief July 16. (Photo internet reproduction)
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Domestic fury and exhaustion sweep both nations as political scandals multiply, deadly violence strikes communities, and the Epstein files move closer to public release.

USA – Trade War Escalates

Trump Slaps 35% Tariffs on Canada

President Trump signed an executive order raising tariffs on all Canadian goods to 35%, a sharp escalation that threatens the USMCA trade framework.

The move comes as both nations prepare for the World Cup final and injects fresh fear into an already strained economic partnership.

Carney Vows to Fight Back

Prime Minister Mark Carney issued a midnight statement reaffirming Canada’s commitment to the USMCA while condemning the “weaponised” tariffs.

His government is urgently pursuing direct talks with Washington to secure relief, reflecting a mood of wounded determination across the country.

Canada – Trade and Defiance

Canada Seeks Negotiated Relief

Trade negotiators are racing to arrange bilateral meetings as the 35% levy begins biting key sectors like lumber and auto parts.

The surreal timing alongside World Cup celebrations has left many Canadians feeling betrayed by a neighbour they welcomed for the tournament.

Bank of Canada Sounds Alarm

Governor Tiff Macklem held the policy rate at 2.25% but warned that persistent inflation risks from the Iran war could force future hikes.

The central bank’s caution adds economic unease to a nation already reeling from the tariff shock and political hostility from Washington.

Anxiety and anger dominate the US-Canada relationship today as Trump’s 35% tariffs take hold, shattering any remaining goodwill ahead of the World Cup final.

USA – Epstein Files Advance

Congress Sends Bill to Trump

Congress approved the release of the Epstein files, sending the legislation to President Trump for his signature.

The long-awaited disclosure is set to shake elite circles and fuels a growing public demand for accountability.

Larry Summers Exits Public Life

Former Treasury Secretary Larry Summers announced he is stepping back from all public roles after his Epstein-linked emails surfaced.

His departure intensifies the scandal’s fallout and deepens a national mood of distrust in powerful institutions.

USA – Political Scandal Hits Democrats

Platner Urged to Quit Senate Race

Democratic Senate candidate Graham Platner faces sexual assault allegations, with party leaders pushing him to end his campaign immediately.

The implosion threatens party stability and adds to a sense that elite accountability is collapsing across the political spectrum.

Trump Targets ABC’s Broadcast License

President Trump urged the broadcast regulator to revoke ABC’s licences over its questioning of him regarding the Khashoggi killing.

The media war escalates an already furious political climate, leaving journalists and citizens on edge.

USA – Flamethrower Terror in Colorado

Eight Injured in Suspected Attack

A man shouting “free Palestine” injured eight people with a makeshift flamethrower in a Colorado community.

The FBI is investigating the horrifying incident as a suspected act of domestic terror, deepening public fear.

Communities on Edge

The attack comes amid heightened security worries just days before the World Cup final at nearby MetLife Stadium.

Residents describe a mix of exhaustion and dread, with many fearing further violence during large public gatherings.

USA – Fatal ICE Encounters

Man Shot and Killed in Maine

A man was shot and killed by Immigration and Customs Enforcement agents in Maine, days after a similar fatal shooting in Houston.

Newly surfaced video of the Maine incident has intensified public demands for transparency and accountability.

Protests and Investigations

Advocacy groups and local communities are organising protests, while federal authorities face mounting pressure to review use-of-force policies.

The back-to-back tragedies contribute to a broader sense of insecurity and anger over how law enforcement engages with migrants.

Canada – Salsa Festival Massacre

Toronto Shooting Leaves Two Dead

A shooting at a bustling Toronto salsa festival killed two people and left four others seriously injured.

Prime Minister Carney said he was “horrified” by the attack, voicing a grief that has gripped the entire nation.

City Mourns Amid World Cup Festivities

The massacre casts a dark shadow over Toronto’s role as a World Cup host city, where crowds had gathered in a spirit of celebration.

Community vigils are planned as residents struggle to process the sudden violence in a normally joyful setting.

USA – Tech and Telecom Decisions

FCC Blocks Chinese-Linked Telecom Firm

The Federal Communications Commission refused Digitalsystem Technology permission to provide US telecom services, citing national security risks linked to China.

The decision reflects a broader climate of suspicion and hardline stances against foreign tech influence.

Meta Wins Major Antitrust Case

Meta defeated a US antitrust challenge targeting its acquisitions of Instagram and WhatsApp, a major victory for Big Tech.

The ruling consolidates a mood of resilience among large technology firms despite ongoing political and regulatory scrutiny.

The Bigger Picture

Today, a 35% US tariff on Canadian goods has triggered a crisis of trust between the neighbours, with Canada’s leader vowing to fight for relief while economic alarm grows. The region’s mood is overwhelmed by anxiety as the World Cup finale approaches alongside political and personal scandals.

Domestically, the US reels from a Colorado flamethrower attack that injured eight, two fatal ICE shootings in Maine and Houston, and the implosion of a Democratic Senate campaign. Meanwhile, the Epstein files bill lands on President Trump’s desk, promising to expose more elite secrets.

Canada mourns two dead in a Toronto salsa festival shooting and braces for potential interest rate hikes tied to the Iran war. Across both countries, a sense of exhaustion and fury dominates, with fleeting World Cup pride unable to mask deep fractures and fear.

USA & Canada Intelligence Brief July 16: What We Are Watching

  • Today – Trump’s 35% tariff on Canadian goods goes into effect and sparks immediate trade tensions.
  • Today – The Epstein files bill is sent to President Trump for signature, edging closer to public release.
  • Today – The US launches a campaign against the International Criminal Court, pressuring allied nations.
  • This week – The FBI deepens its investigation into the Colorado flamethrower attack as a terror case.
  • This week – Canada and the US hold urgent bilateral talks to seek tariff relief and stabilise relations.
  • This week – Protests grow over fatal ICE shootings in Maine and Houston as video evidence circulates.
  • This week – The Bank of Canada monitors inflation risks from the Iran war that could force rate hikes.
  • This week – The World Cup final at MetLife Stadium dominates logistics, security, and economic activity.

Go Deeper

The full USA & Canada Intelligence Dossier — the interactive risk dashboard, the six people who matter and the downloadable PDF — is updated daily by the Rio Times Intelligence Desk.

The USA & Canada Intelligence Brief July 16 returns tomorrow morning.

Frequently Asked Questions

What is the new US tariff rate on Canadian goods?

The new tariff rate is 35% on all Canadian goods, after President Trump signed an executive order raising it.

What happened at the Toronto salsa festival?

A shooting left two people dead and four seriously injured, and Prime Minister Carney said he was horrified by the attack.

What did the Bank of Canada decide about its policy rate?

The Bank of Canada held its policy rate at 2.25% but warned that future hikes were possible due to Iran war inflation.

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