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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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Trade Tensions Escalate: China and Canada Strike Back at U.S. Tariffs


In a dramatic escalation of global trade tensions, China and Canada have swiftly retaliated against the sweeping tariffs imposed by former U.S. President Donald Trump. The U.S. recently enacted a 25% tariff on most imports from Canada and Mexico, alongside a 10% increase on Chinese goods, doubling the existing duties to 20%.

China responded by imposing tariffs of up to 15% on key U.S. agricultural products, including chicken, wheat, and corn, while Canada announced immediate tariffs of 25% on $20.7 billion worth of American goods, with plans to expand these measures further. Canadian Prime Minister Justin Trudeau condemned the U.S. actions, calling them unjustified and a violation of trade agreements.

These retaliatory measures are expected to disrupt supply chains and increase costs for businesses and consumers, further straining the already fragile global economy. The trade war shows no signs of abating, with all sides digging in for what could be a prolonged economic standoff.

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