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Oil Jumps, Asian Chip Stocks Crash as Markets Await Today's Fed Decision

  Wednesday, July 29, 2026 It's the biggest day of the week for your money. Oil is spiking again after a fresh round of fighting between the U.S. and Iran, Asian tech stocks are getting hammered for a second straight session, and the Bank of Canada's American counterpart hands down its interest rate decision this afternoon. The TSX, meanwhile, closed at a fresh record high yesterday — before any of this hit. Here's what's moving markets today, and what it means for your wallet. 🇨🇦 TSX: Fresh Record High, But Led By the Wrong Sectors For Today Canada's benchmark index closed up 0.51% on Tuesday at 35,750 , a new closing high, powered by big bank strength and a blowout earnings beat from Celestica. But look under the hood and yesterday's leadership was almost the mirror image of what's driving global markets this morning: gold miners and energy names were both in the red as investors de-risked ahead of the Fed. Stock / Sector Move Celestica +9.5% Constellat...

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Mexico Prepares for Potential Tariffs with Contingency Plans

Mexico is bracing itself for the possibility of U.S. President Donald Trump imposing tariffs on its goods. President Claudia Sheinbaum assured the public during a press conference that the country is well-prepared with multiple contingency plans, though she refrained from disclosing specific details. "We have a plan B, C, D," Sheinbaum stated, emphasizing Mexico's readiness for any outcome.

The tariff threat stems from U.S. concerns over issues like synthetic drug trafficking and migrant arrivals at its borders. Trump has criticized both Mexico and Canada for not taking stronger action on these matters. In response, Mexican officials recently engaged in diplomatic talks with their U.S. counterparts in Washington, which Sheinbaum described as "cordial" and productive.

While the outcome remains uncertain, Sheinbaum's reassurances highlight Mexico's proactive approach to safeguarding its economy and maintaining strong bilateral relations with the U.S.

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