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Market Watch: U.S. Stock Futures Hold Steady Amid Trade Talks

U.S. stock index futures remained subdued on Friday following a strong rally in the previous session. Investors are closely monitoring upcoming trade discussions between U.S. and Chinese representatives in Switzerland, which could shape market sentiment heading into next week. The recent rally was fueled by a new trade agreement between the United States and Britain, sparking optimism that similar deals could ease global trade tensions. However, analysts caution that the limited scope of the agreement raises questions about its broader impact. Meanwhile, Federal Reserve Chair Jerome Powell acknowledged heightened risks of inflation and unemployment, leaving markets in a wait-and-watch mode. At 5:36 a.m. ET, Dow E-minis were down 48 points (0.12%), while S&P 500 E-minis and Nasdaq 100 E-minis showed slight gains. Investors will also be keeping an eye on corporate earnings, with notable movements in stocks such as Trade Desk, Pinterest, and Expedia in premarket trading. The outcome o...
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Canada’s Climate Aid Commitment: A Trillion-Dollar Question at COP29

 

As the COP29 United Nations Climate Change Conference unfolds in Baku, Azerbaijan, one of the most pressing issues on the agenda is the financial responsibility of wealthy nations, including Canada, in addressing global climate change. Historically, Canada and other high-income countries have contributed significantly to global emissions, and now they face increasing pressure to provide substantial financial aid to developing nations.

In 2021, Canada doubled its international climate finance pledge to $5.3 billion over five years. However, a coalition of Canadian aid groups is pushing for this amount to be tripled to meet the growing needs of vulnerable countries. The international community is calling for a new, ambitious climate finance goal, potentially reaching trillions of dollars annually, to support mitigation and adaptation efforts worldwide.

The stakes are high, as failure to agree on a new climate finance target could undermine global efforts to limit warming and erode trust between developed and developing nations. As negotiations continue, the world watches closely to see how Canada and other wealthy countries will respond to this trillion-dollar question.


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