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S&P 500 Knocks on Record's Door as Oil Retreats and Iran Talks Revive — April 15, 2026

MoneySavings.ca  ·  Daily Market Brief Wednesday, April 15, 2026  ·  Morning Edition S&P 500 knocks on record's door as oil retreats and Iran talks revive S&P 500 Futures 7,002 Flat  ·  near all-time high Nasdaq Futures 25,990 Flat  ·  10-day win streak Dow Futures 48,700 ▼ −0.11% WTI Crude $92.52 ▼ Down from $104 peak Markets are pausing for breath on Wednesday after a powerful two-day rally pushed the S&P 500 to within striking distance of its all-time high of 7,002. Futures are holding flat ahead of the open as investors weigh a packed earnings slate and watch U.S.-Iran diplomacy for the next catalyst. Tuesday's session delivered broad gains — the S&P 500 rose 1.18% to 6,967, the Nasdaq surged 1.96% to 23,639, and the Dow added 0.66% to close at 48,536. A cooler-than-expected Producer Pri...

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Trump’s Tariff Threat: Canada as the 51st State?

 

In a controversial twist amid escalating trade tensions, President Donald Trump has again directed his ire at Canada. In a post on his Truth Social platform on Sunday, Trump claimed that the United States spends “hundreds of Billions of Dollars” subsidizing Canada and argued that without this subsidy, Canada “ceases to exist as a viable country.” He went on to suggest that Canada should simply join the United States as its “cherished 51st state,” touting benefits such as much lower taxes and superior military protection, and promising an end to tariffs on Canadian goods. 

The remark comes on the heels of the imposition of 25% tariffs on imports from Canada (and Mexico), a move aimed at curbing issues like illegal immigration and drug trafficking across the border. In response, Canada has retaliated with its own tariff measures, and Prime Minister Justin Trudeau has firmly rejected any notion of statehood, emphasizing that Canada’s sovereignty is non-negotiable.

Economic analysts warn that such aggressive tariff policies could lead to higher prices for American consumers and disrupt long-established trade relationships in North America. As trade partners brace for a prolonged dispute, critics dismiss Trump’s suggestion as little more than political theater designed to rally his base rather than a feasible policy shift.

The unfolding trade war continues to raise questions about the future of North American economic relations and whether such bold proposals could ever move beyond the realm of rhetoric.

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