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New Energy Partnership to Be Announced in Calgary

  Prime Minister Mark Carney and Alberta Premier Danielle Smith, seen here together last month, have been discussing a potential agreement focused on the energy sector for months.  Former Bank of England governor Mark Carney and Alberta Premier Danielle Smith are expected to unveil a major energy deal in Calgary this Thursday, according to a source familiar with the matter. The agreement is anticipated to focus on advancing clean energy initiatives while balancing Alberta’s traditional oil and gas strengths. Carney, who has been a vocal advocate for sustainable finance and climate-conscious investment, is set to join Smith in highlighting how the deal could position Alberta as a leader in energy transition. While details remain under wraps, the announcement is expected to emphasize collaboration between government and industry, aiming to attract investment, create jobs, and strengthen Canada’s role in global energy markets. The Calgary event underscores the growing importa...
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Stock Market Reacts to Surprising Inflation Data


In a surprising turn of events, the stock market experienced a significant downturn as recent inflation data came in unexpectedly high. The Consumer Price Index (CPI) rose by 0.4% over the previous month and 3.5% over the prior year in March, surpassing the anticipated figures. This acceleration from February’s 3.2% annual gain in prices has dampened hopes for imminent interest rate cuts.

As a result, major stock indices fell sharply. The Dow Jones Industrial Average dropped by approximately 1.1%, while the S&P 500 and the tech-heavy Nasdaq Composite saw declines of nearly 1% and 0.9%, respectively. Concurrently, bond yields soared, with the 10-year Treasury yield reaching its highest level since November at nearly 4.57%.

This market reaction reflects investors’ recalibrated expectations, with many now betting on the Federal Reserve maintaining current rate levels through June and possibly July, pushing the likelihood of an initial rate cut to September. The latest Federal Reserve policy meeting minutes revealed that officials are open to lowering interest rates “at some point,” but the timing remains uncertain.

Amidst these developments, crude oil futures rebounded following reports of potential conflict escalation in the Middle East, which could further impact market dynamics. The situation remains fluid, with investors closely monitoring the interplay between inflation trends and central bank policies.




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