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Carney Treads Carefully on Trump’s ‘Board of Peace’ as Ottawa Rejects $1‑Billion Fee

                                                Carney leaves door open to paying fee to join Trump’s Gaza 'Board of Peace' Prime Minister Mark Carney is approaching U.S. President Donald Trump’s invitation to join a proposed “Board of Peace” with measured caution, signalling that Canada is open to participating but not without clearer details on how the body would function. Carney has emphasized that Canada supports efforts aimed at stabilizing Gaza, yet he wants assurances about governance, accountability, and how any financial contributions would be used. He noted that Canada’s involvement must align with its long‑standing humanitarian principles and deliver tangible benefits to civilians on the ground. Foreign Affairs Minister François‑Philippe Champagne has taken a firmer line, ruling out the idea of paying a $1‑billion membership fee report...
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US Futures Rise as Inflation Cools Unexpectedly

                                            

US stock futures are on the rise today after a key report on consumer inflation surprised investors. The Consumer Price Index (CPI) declined 0.1% over the previous month, marking the first month-over-month decrease since 2020. Additionally, the annual gain in consumer prices was the slowest rise since early 2021, coming in at just 3.0% over the prior year in June.

Here are the highlights:

  • S&P 500 Futures: The broad index crossed 5,600 for the first time on Wednesday, and futures rose by 0.2% today.
  • Dow Jones Industrial Average Futures: These rose roughly 0.1%.
  • Nasdaq 100 Futures: Contracts on the tech-heavy Nasdaq 100 also gained around 0.2%.

Fed Chair Jerome Powell’s recent comments have fueled expectations of interest-rate cuts, and today’s inflation data further bolstered bets on a cut by September. Approximately 87% of traders now expect such an outcome, according to the CME FedWatch tool.

In corporate news, Costco shares rose in pre-market trading after announcing its first membership fee hike since 2017. This move is seen as reflecting price pressures on consumers. Meanwhile, PepsiCo and Delta Air Lines reported earnings, setting the stage for big bank earnings in the second quarter.

Stay tuned for more updates as the market continues to react to economic data and corporate earnings.


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