Skip to main content

Featured

The U.S. Alcohol Ban Is Now Live: Who's Exempt, Who's Shut Out, and What It Means for Your Wallet

  At 12:01 a.m. ET on Tuesday, Sept. 29, the United States stopped letting most packaged Canadian beer, wine, cider and spirits through the border. Not taxed. Blocked. It's the sharpest step yet in the alcohol front of the trade war, and it lands on a very uneven set of shoulders. Two weeks ago we walked through what was coming. Now that it's live, here's what the ban actually covers, who slips through, and what it does (and doesn't) mean for your own budget. What took effect The White House announced the measures on Sept. 8, after Canada's own retaliation tariffs kicked in. The U.S. framed them as a response to Canada's treatment of American dairy, autos and alcohol, and to provinces pulling U.S. liquor from their shelves. The ban covers packaged Canadian beer (including non-alcoholic), wine, cider and spirits, plus whey products, molasses and motorcycles over 800cc. Many of the alcohol products were already facing a 50% U.S. tariff imposed in August; the ban ...
Post a Comment
Read more

article

Labels

S&P/TSX Composite Hits New Highs: Canadian and U.S. Markets Rally



On March 21, 2024, the S&P/TSX composite index achieved a remarkable milestone, closing atnew all-time high. Simultaneously, U.S. markets continued their upward trajectory, setting records of their own.

Key Highlights:

  1. Canadian Market Surge:

    • The S&P/TSX composite index gained 41.55 points, reaching 22,087.26. This surpasses its previous record of 22,087.22 set in March 2022.
    • Tech and financial stocks played a pivotal role in driving this surge, reflecting investor confidence in these sectors.

  2. U.S. Market Momentum:

    • Across the border, U.S. markets also soared:
      • The Dow Jones industrial average climbed 306.46 points, closing at 39,818.59.
      • The S&P 500 index rose by 30.20 points, reaching 5,254.82.
      • The Nasdaq composite surged 97.44 points, closing at 16,466.85.

  3. Commodity Prices:

    • The Canadian dollar traded at 73.93 cents US, slightly higher than the previous day.
    • Crude oil experienced a dip, with the May contract down 91 cents at US$80.36 per barrel.
    • Natural gas also declined, with the May contract down four cents at US$1.81 per mmBTU.
    • Gold bucked the trend, rising by US$17.40 to US$2,178.40 per ounce.
    • Copper remained stable, down just a penny at US$4.05 per pound.

In summary, both Canadian and U.S. markets are riding high, fueled by optimism and robust economic indicators. Investors are closely monitoring developments as we navigate these record-breaking times.

Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Always consult with a qualified professional before making investment decisions.

1: Read more

Labels:

Comments

Post a Comment