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Transatlantic Tensions Shake Global Markets After New Tariff Threats

                                                 The Pituffik Space Base (formerly Thule Air Base) in Greenland Global markets faltered as fresh tariff threats from U.S. President Donald Trump reignited fears of a renewed trade clash between Washington and key European partners. The announcement targeted several EU nations and immediately sent shockwaves through equities, currencies, and commodities. European stocks opened sharply lower, with export‑heavy sectors—particularly autos, luxury goods, and industrials—bearing the brunt of the selloff. Major multinational firms saw billions wiped from their market value within hours as investors braced for potential retaliatory measures from Brussels. The proposed tariffs, set to begin at 10% and potentially rise to 25% later in the year, stem from escalating geopolitical disagreements that have st...
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Canadian stocks edge higher as oil prices lift energy sector, U.S. markets soar to new highs

 

The S&P/TSX composite index closed up 18.82 points, or 0.09 per cent, at 20,173.35 on Friday, as energy stocks gained 1.6 per cent on higher oil prices. The Canadian dollar traded for 79.69 cents US compared with 79.52 cents US on Thursday.

Meanwhile, U.S. markets rallied to record levels, boosted by strong earnings reports and economic data. The Dow Jones industrial average rose 448.23 points, or 1.3 per cent, to 35,061.55, the S&P 500 index added 48.73 points, or 1.1 per cent, to 4,411.79 and the Nasdaq composite increased 142.13 points, or 0.9 per cent, to 14,836.99.

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