Skip to main content

Featured

TSX Near Record Highs, Wall Street Rallies Into the Weekend Ahead of Bank of Canada Decision

    Monday, July 13, 2026 Canadian and U.S. markets closed out last week on a strong note, with the TSX inching closer to record territory on the back of a surprisingly strong jobs report and Wall Street extending its rally as a blockbuster IPO stole the spotlight. Here's everything Canadian investors need to know heading into a big week that includes Wednesday's Bank of Canada rate decision. Note: Figures below reflect confirmed closing prices from Friday, July 10, 2026, the last completed trading session. Markets were closed over the weekend. 🇨🇦 Canadian Markets S&P/TSX Composite: 35,305.31 ▲ 104.86 (+0.30%) Toronto's benchmark index closed higher for a second straight session, edging closer to record territory after Statistics Canada reported that the economy added 18,200 jobs in June, well ahead of expectations, while the unemployment rate unexpectedly fell to its lowest level in nearly two years. Financials led the way, with RBC, TD, and BMO all posting gains, ...
Post a Comment
Read more

article

Labels

Trump's Tariff Tango: A Chaotic Dance of Trade Policies

The Trump administration's tariff plans have left many scratching their heads. With a schedule that seems to shift as often as the wind, businesses and governments alike are struggling to keep up. The latest development involves a 25% tariff on Canadian goods, set to take effect on March 4. This move, according to President Trump, is aimed at combating the flow of fentanyl into the United States, despite evidence suggesting that Canada is not a significant source of the drug.

Adding to the confusion, Trump has also announced reciprocal tariffs on all trading partners, scheduled for April 2. These overlapping deadlines and mixed messages have created uncertainty in international trade, a hallmark of Trump's policy approach.

Canadian Prime Minister Justin Trudeau has vowed to retaliate with tariffs on American goods if these measures proceed. Meanwhile, businesses on both sides of the border are bracing for economic turbulence.

The ever-changing nature of these tariffs underscores the unpredictability of the current trade landscape. As deadlines loom, the world watches to see how this high-stakes game of economic brinkmanship will unfold.

Labels:

Comments

Post a Comment