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Markets Steady as Tariff Tensions Ease and Trade Talks Gain Momentum

U.S. stock futures edged higher Tuesday morning, signaling cautious optimism among investors following President Trump's latest tariff announcements. Futures tied to the S&P 500 rose 0.12% , while Nasdaq 100 futures gained 0.25% , as markets digested the news of steep import duties on 14 countries and a delayed implementation date of August 1 . The tariff threats—ranging from 25% to 40% —initially rattled markets, with major indexes closing lower on Monday. However, the postponement has opened a window for renewed trade negotiations , giving investors hope that diplomatic efforts may avert a full-blown trade war. Global Respons:  Countries like South Korea and Japan , both targeted by the tariffs, have signaled readiness to accelerate trade talks. Meanwhile, Wall Street is keeping a close eye on upcoming Federal Reserve minutes and corporate earnings , with Delta Air Lines set to kick off the season later this week. With the deadline extended and negotiations underway, invest...
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Uncertainty Looms Over $250 Rebate Cheques as Freeland Faces Opposition

 

The fate of the proposed $250 rebate cheques for Canadians remains uncertain as Deputy Prime Minister Chrystia Freeland expressed disappointment over the lack of support from opposition parties. The cheques, intended for Canadians who worked and earned up to $150,000 in the past year, were initially part of the federal government's plan to ease affordability concerns alongside a two-month holiday on GST and HST for certain items.

Despite the Liberals' efforts to push the tax break bill through Parliament, the rebate cheques were notably absent from the stand-alone bill presented on Wednesday. Freeland cited the minority status of the government and the inability to secure the necessary support from opposition parties as the primary reasons for this omission.

The proposal initially seemed to have backing from the NDP, but Leader Jagmeet Singh later stated that his party would not support the rebates unless they were expanded to include more Canadians, such as seniors, students, and people with disabilities who were not working last year. Prime Minister Justin Trudeau criticized the NDP for their stance, arguing that it undermines the support for hardworking Canadians.

As the government continues to navigate these political challenges, the future of the $250 rebate cheques remains in limbo, leaving many Canadians uncertain about the promised financial relief.


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