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Ottawa Backs Down on Digital Tax Dispute Amid Pressure from Trump White House

Canada has reportedly agreed to delay its planned digital services tax (DST) following pressure from former U.S. President Donald Trump’s administration, according to a recent statement from the White House. The tax, which was originally slated to target tech giants like Amazon, Meta, and Google, had been a major sticking point in U.S.-Canada trade discussions. The White House claimed Canada “caved” to U.S. demands after months of negotiations, with Trump’s team arguing the tax unfairly targeted American firms. The Canadian government, however, framed the delay as a strategic move to preserve economic stability and avoid retaliatory tariffs. Critics within Canada argue that the government’s decision reflects a growing trend of yielding to U.S. economic influence, while others say the delay is pragmatic given ongoing global talks about a coordinated approach to taxing digital revenues. The issue remains contentious, and observers are watching closely to see whether Canada will revive th...
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US Stock Market Awaits Fed Decision Amidst Earnings Anticipation


As the US stock market approaches a pivotal moment, investors hold their breath in anticipation of the Federal Reserve’s rate decision and Amazon’s upcoming earnings report. The pause in US futures signals a cautious stance before these significant events, potentially marking the end of a five-month winning streak.

Key Takeaways:

  • Fed’s Rate Decision: Investors expect the Federal Reserve to maintain interest rates at high levels, with the two-day meeting commencing today.
  • Amazon’s Earnings: The market eagerly awaits Amazon’s results, which could influence the direction of a Big Tech-driven rally.
  • Market Performance: April has been tough for stocks, with major indexes likely to report monthly losses despite recent recovery attempts.
  • Price Hikes Impact: Companies like Coca-Cola and Molson Coors report strong quarters, attributing success to effective price increases amidst inflation concerns.

This brief pause reflects the market’s uncertainty and the high stakes involved in the upcoming announcements, which could set the tone for future market trends.

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