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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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Canada Strikes Back with $29.8 Billion in Tariffs on U.S. Goods

 

In a bold move to counter U.S. tariffs on Canadian steel and aluminum, Canada has announced retaliatory tariffs worth $29.8 billion. The new measures, set to take effect on March 13, 2025, will impose a 25% tariff on a range of U.S. imports, including steel, aluminum, computers, sports equipment, and cast-iron products.

Canadian Finance Minister Dominic LeBlanc emphasized the importance of protecting Canada's industries, stating that these tariffs are a direct response to the U.S.'s "unjustified" actions. The Canadian government has also introduced measures to support affected workers and businesses, including financial aid and trade programs.

This development marks a significant escalation in trade tensions between the two nations, with both sides standing firm on their positions. The impact of these tariffs is expected to ripple through industries on both sides of the border, potentially affecting prices and supply chains.

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