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Fed Decision Day: Oil Tops $108, Bond Yields Hit a 19-Year High — What It Means for Your Money

  All eyes are on Washington today. The Federal Reserve wraps up its two-day policy meeting this afternoon, and markets are pricing in roughly a 90–93% chance of a 25-basis-point hike — what would be the first rate increase of this cycle, as energy-driven inflation forces central banks around the world to reverse course. It comes after a rough session on both sides of the border: the TSX slipped to a one-week low, Wall Street logged its sixth decline in seven sessions, and the 10-year U.S. Treasury yield touched 5.04% — its highest level since 2007 — as oil held near four-month highs above $107 a barrel. Here's what moved markets overnight, and what today's decision could mean for your mortgage, your grocery bill, and your portfolio. 🇨🇦 TSX: Second Straight Decline The S&P/TSX Composite closed Tuesday at 35,582.07 , down 120.46 points (-0.34%) — its second straight losing session and lowest close in about a week. Energy was the lone bright spot as crude prices surged,...
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Trump Implements 25% Tariff on Steel and Aluminum Imports

 

In a significant move, former U.S. President Donald Trump announced a 25% tariff on steel and aluminum imports, effective immediately. This decision follows a day of intense trade negotiations and threats to raise the tariff to 50%. The tariff aims to protect American industries but has sparked concerns about potential economic repercussions and strained relations with key trading partners, including Canada.

The announcement came after Ontario Premier Doug Ford agreed to suspend a proposed tax on electricity exports to the U.S., which had escalated tensions. Both sides are set to engage in further discussions to address trade disputes and explore revisions to the U.S.-Mexico-Canada Agreement (USMCA).

The tariffs are expected to impact global trade dynamics, with Canada and other affected nations preparing to respond. Critics argue that such measures could lead to higher costs for consumers and businesses, while supporters believe they will bolster domestic manufacturing.

This development underscores the complexities of international trade and the challenges of balancing national interests with global economic stability.

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