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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Heat Warning Continues for Eastern Ontario and Western Quebec

 

Soaring temperatures persist across parts of eastern Ontario and western Quebec, with little relief expected until Tuesday night. Environment Canada reports a humid airmass currently enveloping the region. Here are the key details:

  • Ottawa: The temperature is expected to reach a high of 30°C on Monday, feeling like 37°C with the humidex. Tuesday won’t be much better, with a daytime high of 34°C (humidex included).

  • Nighttime Low: Temperatures won’t drop below 20°C until Tuesday night when a cooler airmass arrives.

  • Health Precautions: Public health officials advise staying hydrated, avoiding outdoor activity during peak heat, and wearing loose-fitting clothing. For those without air conditioning, consider taking a cool bath or finding public buildings with air conditioning, pools, or splash pads.

Stay safe and beat the heat! 

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