Canada ais racing to ink a deal with the Trump administration to avoid a fresh wave of U.S. tariffs on its exports, starting on Wednesday.

I don’t envision the 232s on steel being wrapped into the 338 discussions,” the person said, referring to Section 338 of the Tariff Act of 1930 — the statute Trump has used to threaten Canada with the new 50 percent tariffs.

Negotiators are working to avert 50 percent tariffs on Canadian goods by Wednesday to prevent a major trade war.

Canada's consumer price index accelerated to 3.0% annually in July, up from 2.8% in June, driven by higher gasoline and travel-tour prices, according to the country's statistical agency on Monday. Annual gasoline inflation accelerated to 25.

Canadian gold and copper producer OceanaGold plans to acquire Australia's ​Ausgold in a deal valued ‌at A$776 million ($552.74 million), the companies said on Monday.

Canada's annual inflation rate accelerated to 3% in July, slightly more than expected, as renewed United States-Iran tensions drove gasoline prices,

Canada is launching a new alliance aimed at addressing workforce shortages and preparing workers for the changing demands of the country’s advanced manufacturing sector.

By Promit Mukherjee and Ed White OTTAWA, Aug 17 (Reuters) - Canada faces a new round of 50% U.S. tariffs this week that businesses said could cause job losses in some already struggling industries, while complicating broader negotiations over the future of North America's free trade agreement.