Defence stocks rally as John Healey appointed chancellor; UK borrows less than expected in June – business live

Rolling coverage of the latest economic and financial newsAnd in case you missed it overnight: Donald Trump has said he will impose 50% tariffs on most Canadian goods in response to the country retaliating against previous US tariffs.The tariffs will hit a wide range of products, the White House said, including wine, hockey sticks and cement. They also include goods previously protected from import taxes under the United States-Mexico-Canada (USMCA) agreement.This is an important milestone for both organisations and an exciting opportunity to bring together two highly complementary businesses with a shared commitment to delivering the best outcomes for colleagues