Skip to main content

Featured

Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
Post a Comment
Read more

article

Labels

Techs lead the way as US stock futures climb, setting the S&P 500 on track for a fresh record high


US stock futures climbed on Friday, setting the S&P 500 on track for a fresh record high as a tech-led rally gave a lift to a market weighed down by uncertainty over the odds of an early interest rate cut. The Nasdaq 100 futures jumped 0.7%, eyeing a return to gains notched Thursday as Apple and chipmakers outperformed. S&P 500 futures rose 0.4%, while Dow Jones Industrial Average futures put on 0.2%.

The market is still closely watching for cues to the timing of rate cuts, which could set the tone for corporates this year. The focus has turned to big tech to potentially kickstart a lagging stock market, now that the key drivers of the late 2023 rally have waned. Thursday’s tech-led surge in stocks put the S&P 500 within 0.3% of its all-time closing high of 4,796.56 and snapped a three-day losing streak for the Dow.

In individual stocks, iRobot shares tanked over 38% after a report that EU regulators plan to block Amazon’s $1.4 billion acquisition of the Roomba maker. Meanwhile, investors were assessing Macy’s announcement that it is cutting 2,350 jobs and closing five stores. Quarterly results from Travelers, Regions Financial, and other banks are on the earnings docket Friday. In economic updates, a December reading on existing home sales is due, as well as a look at consumer sentiment from the University of Michigan.


Labels:

Comments

Post a Comment