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Market Optimism Grows Amid Tariff Speculations

                                                       U.S. stock futures showed positive momentum on Tuesday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq futures all rising. Investors are closely monitoring President Trump's tariff policies, which may undergo adjustments. The president hinted at potential exemptions for certain countries, fueling hopes of reduced trade tensions. However, concerns linger as new tariffs on pharmaceuticals and automobiles are expected soon. The market's upward trend follows Monday's rally, driven by optimism surrounding the administration's tariff strategies. Key economic indicators, including consumer confidence and new home sales data, are anticipated later today, providing further insights into the economy's health. Tesla shares continued their upward trajectory, gaining ...
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Canadian economy shrank 1.1 per cent in Q3 on annualized basis

 


According to the latest data from Statistics Canada, the Canadian economy contracted at an annualized rate of 1.1% in the third quarter of 2023, which was below expectations. However, the real GDP most likely edged up 0.2% in October after a 0.1% gain in September.

The contraction in Q3 was mainly due to a decline in exports and a decrease in business investment. The country’s goods trade surplus with the world contracted by roughly $8.7 billion in Q3 to hit $1.7 billion.

Despite the contraction in Q3, the Canadian economy is showing signs of growth in October. The real GDP is expected to have increased by 0.2% in October after a 0.1% gain in September.

Based on the above information, I suggest the following title for your article: “Canadian economy contracts in Q3, but shows signs of growth in October”.


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