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New Energy Partnership to Be Announced in Calgary

  Prime Minister Mark Carney and Alberta Premier Danielle Smith, seen here together last month, have been discussing a potential agreement focused on the energy sector for months.  Former Bank of England governor Mark Carney and Alberta Premier Danielle Smith are expected to unveil a major energy deal in Calgary this Thursday, according to a source familiar with the matter. The agreement is anticipated to focus on advancing clean energy initiatives while balancing Alberta’s traditional oil and gas strengths. Carney, who has been a vocal advocate for sustainable finance and climate-conscious investment, is set to join Smith in highlighting how the deal could position Alberta as a leader in energy transition. While details remain under wraps, the announcement is expected to emphasize collaboration between government and industry, aiming to attract investment, create jobs, and strengthen Canada’s role in global energy markets. The Calgary event underscores the growing importa...
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Market Optimism Rises as Tariff Concerns Ease

                                                

The stock market is showing signs of optimism today, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all climbing. Investors are responding positively to reports suggesting that the next wave of tariffs proposed by President Trump may be more targeted and less severe than initially feared. This development has eased concerns about a potential escalation in the trade war, which could have significant implications for global trade and economic growth.

S&P 500 futures rose by 0.9%, while Nasdaq futures led the gains with a 1.1% increase. Dow Jones futures also advanced by 0.7%. The market's positive momentum follows a recent reversal of a four-week losing streak, signaling renewed confidence among investors.

The proposed tariffs, expected to be announced on April 2, are reportedly being narrowed to focus on specific trade imbalances. This strategic adjustment has provided relief to markets, which had been bracing for broader and more disruptive measures. As a result, the yield on the 10-year Treasury bond rose slightly, reflecting improved risk appetite among investors.

Looking ahead, market participants will closely monitor upcoming economic data, including the Federal Reserve's preferred inflation gauge and consumer confidence surveys, to gauge the broader economic outlook. For now, the tempered approach to tariffs has injected a dose of optimism into the markets, offering a welcome reprieve from recent volatility.

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