Skip to main content

Featured

Alberta Stands Alone: Refuses to Sign Joint Statement on Trump Tariffs

  In a surprising turn of events, Alberta has refused to sign a joint statement from the first ministers' meeting regarding the Trump administration's proposed tariffs on Canadian goods. Premier Danielle Smith, who attended the meeting virtually, stated that Alberta cannot support the federal government's plan if it includes energy export tariffs.  The meeting, chaired by Prime Minister Justin Trudeau, aimed to present a united front against the U.S. tariff threats. However, Smith's refusal to sign the statement has highlighted the province's unique concerns about the potential impact on its energy sector. Alberta's oil and gas industry, which is Canada's largest export to the U.S., could face significant financial pressure if the tariffs are implemented. Smith emphasized that Alberta will take whatever actions are necessary to protect its economy and the livelihoods of its residents. This stance has sparked a debate among the premiers, with some urging unit...

US Stocks Inch Higher in Countdown to Inflation Data


US stocks edged higher on Wednesday, with tech equities reaching for gains as investors waited for fresh inflation data and absorbed a dramatic turn in events in spot bitcoin ETFs. The Dow Jones Industrial Average ( ^DJI) and benchmark S&P 500 ( ^GSPC) were up about 0.2%. The Nasdaq Composite ( ^IXIC) rose about 0.3%, after tech stocks eked out the sole win among the major indexes the previous day.

Investors are likely treading carefully ahead of Thursday’s US consumer inflation reading for December, watching for signs of further cooling that could prompt the Federal Reserve to pivot on policy. Recent days have seen worries rise that the market is pricing in too many interest-rate cuts in 2024, as once-rampant confidence for an early cut fades.

The coming start of fourth-quarter earnings cycle, led Friday by Wall Street banking heavyweights such as JPMorgan Chase ( JPM ), will be critical for stocks, after their rough start to 2024.


Comments

Popular Posts