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Ottawa Backs Down on Digital Tax Dispute Amid Pressure from Trump White House

Canada has reportedly agreed to delay its planned digital services tax (DST) following pressure from former U.S. President Donald Trump’s administration, according to a recent statement from the White House. The tax, which was originally slated to target tech giants like Amazon, Meta, and Google, had been a major sticking point in U.S.-Canada trade discussions. The White House claimed Canada “caved” to U.S. demands after months of negotiations, with Trump’s team arguing the tax unfairly targeted American firms. The Canadian government, however, framed the delay as a strategic move to preserve economic stability and avoid retaliatory tariffs. Critics within Canada argue that the government’s decision reflects a growing trend of yielding to U.S. economic influence, while others say the delay is pragmatic given ongoing global talks about a coordinated approach to taxing digital revenues. The issue remains contentious, and observers are watching closely to see whether Canada will revive th...
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Market Optimism Prevails: Global Shares Soar Following Reassuring Fed Chief's Speech

                         


In today's stock market action, global shares have predominantly surged following a speech by the Federal Reserve chief. The market sentiment has been largely positive as investors react to the comments made by the head of the Federal Reserve regarding the central bank's stance on monetary policy and its commitment to supporting economic recovery. The speech emphasized a balanced approach, aiming to ensure sustained economic growth while closely monitoring inflationary pressures. This assurance from the Fed has provided reassurance to investors who had been anxiously observing signs of potential policy tightening.

Equity markets in various regions, including Asia, Europe, and the United States, have responded favorably to the speech. The prospect of continued accommodative measures, coupled with the Fed's willingness to adapt its strategies based on evolving economic conditions, has boosted investor confidence. Tech stocks and sectors sensitive to interest rates, which had experienced heightened volatility in recent weeks, saw gains as concerns eased. However, analysts are also cautious about the ongoing global supply chain challenges and the potential for sporadic market fluctuations in the coming days as economic indicators are closely monitored for any shifts in the recovery trajectory. Overall, the Federal Reserve chief's speech has injected a sense of optimism into the markets, leading to a broad-based rise in global shares.






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