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Washington Signals G20 Boycott Amid Trump’s Remarks

                                                                       President Donald Trump The United States will not participate in the upcoming G20 summit in South Africa, according to comments made by President Donald Trump. The announcement marks a significant diplomatic shift, as the G20 is traditionally a forum for major economies to coordinate on global issues ranging from trade to climate change. Trump’s statement has raised questions about Washington’s commitment to multilateral cooperation and could strain relations with other member nations. Analysts suggest the boycott may reflect broader tensions over international policy priorities and the administration’s stance on global governance. South Africa, as host nation, has yet to issue a formal response, but observers no...
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TSX Futures Slide Amid Global Market Turmoil

 

Futures linked to Canada’s main stock index took a tumble on Tuesday, echoing the brutal sell-off seen across global markets on Monday. The trigger? Recession fears in the United States.

September futures on the S&P/TSX index were down 1.8% at 6:48 a.m. ET (10:48 GMT). Investors worldwide scrambled toward safe-haven assets after weaker U.S. economic data last week raised concerns about a recession in the world’s largest economy.

While investor sentiment was partially soothed by a rebound in U.S. services sector activity and signals of rate cuts from Federal Reserve policymakers, the benchmark U.S. S&P 500 and Nasdaq both closed 3% lower on Monday.

Canadian markets were closed for a holiday, but attention remains on domestic employment figures due later this week and a host of Fed policymakers scheduled to speak throughout the month.

In corporate news, Suncor Energy and iA Financial are set to report their quarterly figures after the closing bell today.

Commodities at 6:48 a.m. ET:

  • Gold futures: $2,423 (+0.5%)
  • U.S. crude: $73.32 (+0.5%)
  • Brent crude: $76.62 (+0.4%)

Stay tuned for further updates as the market volatility continues.





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