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Weekly Market Snapshot: TSX Rises as Oil Rebounds and U.S. Markets Cool

  TSX Edges Higher on Energy Strength The TSX posted a modest gain this week, supported by rising energy and financial stocks as oil prices rebounded from recent lows. Investor sentiment improved as commodity demand projections stabilized and geopolitical tensions eased. S&P 500 Cools After Strong Run The S&P 500 paused its recent rally, with tech names seeing mild pullbacks as traders reassessed earnings expectations and upcoming Federal Reserve commentary. Defensive sectors saw renewed interest as investors rotated toward value. Oil Rebounds, Supporting Canadian Markets Oil prices climbed on supply concerns and improving global demand forecasts. The rebound helped lift Canadian energy producers and contributed to the TSX’s relative outperformance. Canadian Dollar Holds Steady The CAD traded in a narrow range, balancing stronger commodity prices against softer domestic economic data. Markets continue to watch for Bank of Canada signals on future rate direction. Wi...
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Trump Administration Plans Major Immigration Raid in Chicago

The incoming U.S. presidential administration under Donald Trump is set to launch a significant immigration raid in Chicago the day after he takes office, according to a report by the Wall Street Journal. The operation, expected to commence on Tuesday, will involve between 100 and 200 officers from the U.S. Immigration and Customs Enforcement (ICE) and is anticipated to last all week.

Trump's transition team has not yet responded to requests for comment. However, Tom Homan, the incoming border czar, stated at an event in Chicago that the administration would begin its efforts in the city. He warned that if the Chicago mayor does not cooperate, he could face prosecution for harboring or concealing illegal aliens.

Immigration was a central theme of Trump's campaign, and he has promised to initiate the largest domestic deportation operation in American history immediately after his inauguration. The administration plans to mobilize various government agencies to support this effort and pressure sanctuary jurisdictions to comply.


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