News of the day: Tentative trade deal, Roots goes private, estate planning problems, retail sales set to fall, fixed-rate mortgage bargains and more

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A heavy forklift operator places a coil of steel onto a flatbed truck at a ArcelorMittal Dofasco site in Hamilton, Ont.A heavy forklift operator places a coil of steel onto a flatbed truck at a ArcelorMittal Dofasco site in Hamilton, Ont. Photo by Peter Power/Postmedia files

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It’s Friday, August 21. Here are the top stories we’re following today.

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A tentative deal being negotiated in Washington, D.C., proposes that Canadian steel mills will face tariffs and quotas on their exports to the United States, but U.S. steel producers won’t face any such barriers in Canada, according to sources who were briefed on the matter.

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The Roots 'Cabin' store at Yorkdale Shopping Centre is seen in Toronto on August 23, 2017. The Roots ‘Cabin’ store at Yorkdale Shopping Centre in Toronto. Photo by Laura Pedersen/National Post

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Marquee Brands, a brand management company that operates 24 brands including Roberto Cavalli, BCBGMAXAZRIA, Martha Stewart, Laura Ashley and more, will acquire Roots through operating partner JM&A Design and Development Inc., led by renowned Canadian retail experts Joe Mimran and Frank Rocchetti.

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Last Will and Testament close-up with a calculator Although Canada and the United States have a common law tradition, they have different estate and tax laws. You will need a cross-border tax adviser to create a tax plan to include your non-resident descendants. Photo by John Lamb/Getty Images

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If the children are conflicted, you may want to consider a relative or a neutral executor who lives near you, expert says.

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A shopper leaves a Canadian Tire in Toronto. Retail sales in Canada increased in June. A shopper leaves a Canadian Tire Corp. store in Toronto. Retail sales in Canada increased in June. Photo by Peter J Thompson/National Post

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Retail sales in Canada increased by 0.6 per cent to $74.3 billion in June, beating expectations, Statistics Canada said Friday.

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A house for sale in Toronto. A house for sale in Toronto. Photo by Laura Proctor/Bloomberg files

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You can still find a few straggler bargains out there, but if a fixed-rate mortgage is on your shopping list, lock in before they disappear, writes Robert McLister.

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