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Trump–Powell Showdown Intensifies as White House Floats Criminal Charges

                                                       Donald Trump and Federal Reserve Chair Jerome Powell A dramatic escalation in the long‑running tension between President Donald Trump and Federal Reserve Chair Jerome Powell has thrust the independence of the U.S. central bank into the spotlight. The conflict deepened after Powell disclosed that the Department of Justice had issued grand jury subpoenas to the Federal Reserve—an action he suggested was politically motivated. The inquiry centers on Powell’s congressional testimony about cost overruns tied to a Federal Reserve building renovation. Powell has dismissed the investigation as a pretext, arguing that the administration’s real aim is to pressure the Fed into cutting interest rates more aggressively, a move Trump has repeatedly demanded. The threat of potential...
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S&P/TSX Composite Slips as U.S. Markets Surge

 

In a mixed start to the week, Canada’s main stock index, the S&P/TSX composite, dipped slightly, shedding 51.22 points to close at 21,587.88. Meanwhile, U.S. markets continued their ascent, with the Dow Jones industrial average gaining 188.94 points, reaching 38,778.10. The S&P 500 index also rose by 41.63 points to 5,473.23, and the Nasdaq composite climbed 168.14 points to 17,857.02.

Investors on both sides of the border are adjusting to recent interest rate decisions by the U.S. Federal Reserve and the Bank of Canada. While the TSX experienced some losses, optimism remains, buoyed by positive housing starts data in Montreal and Toronto.

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