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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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Carney to Request Dissolution of Parliament, Election Expected


Prime Minister Mark Carney is set to visit Governor General Mary Simon this Sunday to request the dissolution of Parliament, paving the way for a federal election. This move comes just a week after Carney's swearing-in as Prime Minister and the appointment of his cabinet.

The election campaign is anticipated to last between 36 and 50 days, with voting day likely to fall on either April 28 or May 5. Recent polls suggest a tight race, with Carney's Liberal Party holding a slight edge over Pierre Poilievre's Conservatives. However, the Liberals' broader geographic voter base could give them an advantage in securing more seats.

This election call comes at a critical juncture, as party leaders prepare to solidify support in key battleground provinces like Ontario, Quebec, and British Columbia. The outcome could shape Canada's political landscape for years to come.

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