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Carney, Sheinbaum to Seal Canada–Mexico Strategic Pact Amid U.S. Trade Tensions

  Prime Minister Mark Carney greets Mexican President Claudia Sheinbaum at the G7 Summit in Kananaskis, Alta., on Tuesday, June 17, 2025.  Canadian Prime Minister Mark Carney is set to sign a comprehensive strategic partnership with Mexican President Claudia Sheinbaum during his two-day visit to Mexico, marking a rare stand‑alone bilateral engagement between the two countries. The agreement will span infrastructure, trade, health, agriculture, emergency preparedness, and security , with a particular focus on combating drug and firearms trafficking and strengthening cooperation against organized crime. Carney’s trip comes as Ottawa seeks to deepen ties with Mexico in response to escalating U.S. trade pressures and ahead of the renegotiation of the Canada–U.S.–Mexico Agreement (CUSMA). Both leaders are expected to emphasize building resilient supply chains and boosting domestic production, while avoiding the appearance of “ganging up” on Washington. The visit follows high‑level...
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 US stock futures took a sharp dive today as hopes for interest rate cuts in 2025 were dashed. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all saw significant declines amid rising bond yields and a stronger dollar.

The Dow Jones Industrial Average fell by 0.3%, while S&P 500 futures sank by 0.8%, and Nasdaq 100 futures tumbled by 1.2%. This drop follows a strong jobs report from December, which has led investors to believe that the Federal Reserve will maintain higher interest rates for a longer period.

The 10-year Treasury yield reached a 14-month high, touching close to 4.8%, while the 30-year yield neared 5%. Additionally, the US dollar surged to a two-year high against major currency peers.

Investors are now pricing in no rate cuts until at least September 2025, with only a slight 30 basis point reduction expected for the entire year. This has put a spotlight on the upcoming Consumer Price Index (CPI) report, due on Wednesday, as concerns grow that inflation may not cool to the central bank's 2% target.

Tech giants like Nvidia and Tesla were among the hardest hit, with both companies seeing their stock prices slide amid the market turmoil. The rise in energy prices, following new US sanctions on Russia's crude industry, has also added to the market's woes.

As the market continues to react to these developments, investors are bracing for a potentially rough session ahead.




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