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Oil Jumps as U.S.-Iran Fighting Resumes: TSX Slips, Asia Slides, Fed Hike Bets Rise

  Markets are opening September on edge. The U.S. and Iran exchanged direct attacks over the weekend for the first time in a month, a tanker was struck by projectiles in the Strait of Hormuz on Monday, and President Trump threatened further strikes — sending oil higher, bond yields to fresh highs, and stocks lower on both sides of the border heading into Wednesday's Bank of Canada decision. Canada: TSX Falls for a Second Straight Session The S&P/TSX Composite closed Monday at 36,270.48 , down 283.44 points (-0.78%) , as renewed Middle East tensions hit financials and mining stocks. Canada's Big Banks slid despite widespread expectations the Bank of Canada holds rates Wednesday: TD fell 0.6%, while BMO and Scotiabank each lost 1.2%. Gold miners also retreated as bullion cooled from last week's records — Agnico Eagle dropped 1.9%, Barrick fell 2.2%, and Wheaton Precious Metals slid 2%. Index Close Change S&P/TSX Composite 36,270.48 -283.44 (-0.78%) U.S. Markets: Monda...
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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.

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