--- title: "Trump Expects Canada Trade Deal, Diesel's Problem and More: This Week in Economics" type: "News" locale: "en" url: "https://longbridge.com/en/news/300878207.md" description: "Trump anticipates Canada will initiate trade deal talks within weeks. Diesel prices remain high due to distribution issues, not production deficits. Gold underperforms as a safe haven amid geopolitical tensions and potential Fed rate hikes. Head Start program changes face public opposition. September jobs report missed expectations with only 29,000 payrolls added and unemployment rising to 4.2%." datetime: "2026-10-04T10:00:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300878207.md) - [en](https://longbridge.com/en/news/300878207.md) - [zh-HK](https://longbridge.com/zh-HK/news/300878207.md) generator: "portal-rs" --- # Trump Expects Canada Trade Deal, Diesel's Problem and More: This Week in Economics It’s been an eventful weekend in the world of politics, markets and the U.S. economy. From President Donald Trump’s latest trade comments to diesel prices, gold, jobs and proposed changes to Head Start, here’s a quick look at the top stories that made headlines. ## Trump Expects Canada To Seek A Trade Deal President **Donald Trump** said Canadian officials could approach the U.S. within the next three or four weeks to resolve the ongoing trade dispute. Trump said Ottawa would seek to "get rid" of all tariffs and pursue what he described as a fair agreement, suggesting the administration expects Canada to initiate the next stage of negotiations. Read the full article here. ## Diesel’s Problem Is Location, Not Production The U.S. produces more diesel fuel than it consumes, yet prices remain elevated. According to **Phillip Bruner**, a professor at the University of Washington’s Foster School of Business, the central issue is distribution, with the cost of moving fuel to coastal regions adding pressure to prices. Read the full article here. ## Gold Is Not Behaving Like The Expected Safe Haven Gold has faced a challenging 2026 despite a Gulf war, an oil shock and inflation remaining above 3%. The metal is trading about 25% below its January high, while markets have placed the odds of a Federal Reserve rate increase at 70%, putting gold’s performance and Treasury yields under closer scrutiny. Read the full article here. ## Head Start Changes Face Opposition Advocates are urging the Trump administration to abandon proposed changes to Head Start, the federal early-childhood program serving low-income families. Public comments on the proposals are due Tuesday, after which the Department of Health and Human Services will review the feedback before deciding how to proceed. Read the full article here. ## The September Jobs Report Missed Expectations The U.S. economy added 29,000 nonfarm payrolls during September, according to the Bureau of Labor Statistics, well below economists’ forecast of 90,000 new jobs. The unemployment rate reached 4.2%, topping the 4.1% consensus estimate and providing another indication of weaker-than-expected labor-market growth. Read the full article here. ***Disclaimer:*** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo Courtesy: Joey Sussman on Shutterstock.com* ### Related Stocks - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) ## Related News & Research - [Why Are Gold and Silver Down Today, 10/2/26?](https://longbridge.com/en/news/300816705.md) - [Strategic case for precious metals](https://longbridge.com/en/news/300392149.md) - [PRECIOUS-Gold slips before US payrolls data, set for second weekly loss](https://longbridge.com/en/news/300740307.md) - [PRECIOUS-Gold holds steady as firm dollar, yields counter easing Fed rate hike bets](https://longbridge.com/en/news/300703959.md) - [Gold steady as traders weigh lower oil against higher yields](https://longbridge.com/en/news/300498745.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**