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Ottawa and Alberta Forge Landmark Energy Accord

Prime Minister Mark Carney, left, meets with Alberta Premier Danielle Smith in Calgary on Thursday.   In a move that could redefine Canada’s energy landscape, Ottawa and Alberta have signed a new energy deal aimed at strengthening cooperation between the federal government and the province. The agreement signals a major shift in their often-contentious relationship, focusing on shared priorities such as clean energy investment, emissions reduction, and economic growth. The deal outlines commitments to expand renewable energy projects, modernize infrastructure, and support workers transitioning from traditional oil and gas sectors. Both sides emphasized that the accord is designed to balance Alberta’s economic reliance on energy production with Ottawa’s national climate goals. Observers note that this agreement could mark the beginning of a more collaborative era, reducing political friction and positioning Canada as a stronger player in the global energy transition.
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Stock Market Stumbles as Trump Reaffirms Tariffs

                                            

The stock market took a hit on Friday as President Donald Trump reaffirmed his commitment to imposing sweeping tariffs on imports from Mexico, Canada, and China. The Dow Jones Industrial Average fell by 0.8%, the S&P 500 dropped by 0.5%, and the tech-heavy Nasdaq Composite lost 0.3%.

Investors are concerned about the potential impact of these tariffs on the economy, as they could lead to increased costs for consumers and businesses. The White House confirmed that the tariffs, which include a 25% duty on goods from Mexico and Canada and a 10% tariff on Chinese imports, will take effect on Saturday.

Despite earlier optimism driven by solid earnings from Apple and an inflation reading that matched expectations, the tariff news overshadowed these positive developments. The uncertainty surrounding the tariffs has left Federal Reserve Chair Jerome Powell in a wait-and-see mode, with the potential for tariffs to inflame inflation being a key concern.

As the market closes, investors are bracing for the impact of these tariffs and the potential for further volatility in the coming days.




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