Skip to main content

Featured

Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...
Post a Comment
Read more

article

Labels

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.


Labels:

Comments

Post a Comment