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Markets Brace for BoC Decision After Brutal Friday Selloff

Canadian and global markets are attempting to stabilize this Monday morning after a punishing end to last week — and with one of the most closely watched Bank of Canada rate decisions in recent memory arriving in just two days, investors have plenty to keep them on edge. What Happened Friday Friday's selloff was sharp and broad. The technology-heavy Nasdaq Composite tumbled 4.18% — its steepest single-day decline since April 2025 — closing at 25,709. The S&P 500 fell 2.64% to 7,383, and the Dow Jones Industrial Average lost roughly 695 points (−1.35%) to end at 50,866. The catalyst was a brutal rotation out of chip stocks. Broadcom had already disappointed investors mid-week by failing to raise its AI chip guidance, and the selling gathered momentum on Friday. Marvell Technology and Micron plunged approximately 16% and 13%, respectively, while Nvidia, Intel, and AMD all shed between 6% and 11%. Compounding the pain: a stronger-than-expected U.S. jobs report for May pushed Treas...
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Danielle Smith's Call to Pause U.S. Tariffs Sparks Debate

 

Alberta Premier Danielle Smith has stirred controversy following her remarks during a recent interview with a U.S. media outlet. Smith revealed that she had urged the Trump administration to temporarily halt tariffs on Canadian goods until after Canada's federal election. She argued that the ongoing trade dispute was inadvertently boosting support for the Liberal Party, potentially impacting the Conservative Party's chances in the election.

Smith's comments have drawn criticism from various political leaders and analysts. Some have accused her of inviting foreign interference in Canadian politics, a claim her office has strongly denied. Critics argue that her plea prioritizes political strategy over the well-being of Canadians affected by the tariffs.

While Smith maintains that her request was aimed at fostering a fair resolution to the trade dispute, the debate over her remarks continues to dominate political discourse in Canada.

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