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Wall Street Holds Steady as S&P 500 Hits Record Ahead of Christmas Break

Market Snapshot – December 24, 2025 Dow Jones Futures: Flat at 48,735 points S&P 500 Futures: Near 6,957 points, little changed after Tuesday’s record close Nasdaq 100 Futures: Slight dip of 0.1% to 25,796.5 points S&P 500 Index: Closed Tuesday at 6,909, its latest all-time high Key Drivers Robust economic growth continues to fuel investor optimism. Seasonal “Santa Claus rally” has lifted stocks for four consecutive sessions. Markets will close early today at 1 p.m. EST and remain shut tomorrow for Christmas Day. Traders remain cautious about inflation and potential Federal Reserve rate cuts in 2026. Quick Take Wall Street enters the holiday season on a high note, with the S&P 500 near the 7,000 mark and futures showing little movement. The shortened trading session means liquidity will be thin, amplifying small moves. Still, the overall tone remains upbeat, with investors betting that the year-end rally will carry into the final days of 2025.
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Canadian Businesses and Unions Unite to Address Trump's Tariff Threats

In response to the looming threat of tariffs from U.S. President-elect Donald Trump, Canadian businesses and unions have come together to form a trade council. This council aims to collaborate with the federal government in Ottawa to develop strategies to mitigate the potential economic impact of these tariffs.

The council's formation comes as Prime Minister Justin Trudeau and Canada's premiers prepare to meet to discuss the country's response to Trump's promise of imposing a 25% tariff on all Canadian imports. The tariffs, which are expected to be implemented shortly after Trump takes office, could have devastating effects on the Canadian economy, potentially leading to significant job losses and economic instability.

Ontario Premier Doug Ford has expressed concerns about the potential impact of the tariffs, estimating that up to 500,000 jobs in Ontario alone could be at risk. The trade council will work closely with the federal government to develop a comprehensive plan to address these challenges and protect Canadian industries and workers.

The council's efforts will include exploring potential retaliatory measures, such as imposing tariffs on U.S. goods, and developing strategies to strengthen Canada's economic resilience. By uniting businesses and unions, the council aims to present a coordinated and robust response to the tariff threats, ensuring that Canada's interests are protected in the face of these unprecedented challenges.


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