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Wall Street Eyes Weekly Gain as Peace Hopes Lift Futures

  Wall Street Poised for Weekly Gain as Futures Climb on Middle East Peace Hopes Wall Street looked set to close the week on a positive note as U.S. equity futures climbed Friday, supported by renewed optimism that diplomatic progress in the Middle East could ease geopolitical tensions. Investors have been highly sensitive to any signs of de‑escalation, and this week’s developments helped unwind some of the risk premiums that had weighed on global markets. Oil prices, which surged earlier in the month on fears of supply disruptions, pulled back again as ceasefire discussions gained traction. Lower energy costs have helped cool inflation expectations, giving markets a bit more breathing room after a volatile stretch. Major U.S. indexes are now on track for a weekly gain, with tech and consumer stocks leading the rebound. Still, analysts caution that sentiment remains fragile: any setback in negotiations could quickly revive market turbulence. For Canadian investors, easing oil v...
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Carney's Bold Moves: Trade War Relief and Megaproject Acceleration

Canadian Prime Minister Mark Carney has unveiled a comprehensive plan to mitigate the economic impact of the ongoing trade war with the United States. In a decisive move, Carney announced measures aimed at supporting workers and businesses, including temporarily waiving the one-week waiting period for employment insurance and allowing businesses to defer corporate income tax payments and GST/HST remittances.

Carney also pledged to expedite major infrastructure projects through a streamlined "one-window approval process," aiming to cut red tape and accelerate development. Notable projects include the Cedar LNG and LNG Canada facilities in British Columbia and the Port of Churchill in Manitoba. These initiatives are expected to bolster Canada's economy and create significant opportunities for growth.

The Prime Minister emphasized the importance of removing barriers to the free movement of goods, services, and workers across provinces and territories, projecting an economic boost of $250 billion. With these measures, Carney aims to strengthen Canada's resilience and pave the way for long-term economic stability.


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