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Weekly Market Snapshot: TSX Rises as Oil Rebounds and U.S. Markets Cool

  TSX Edges Higher on Energy Strength The TSX posted a modest gain this week, supported by rising energy and financial stocks as oil prices rebounded from recent lows. Investor sentiment improved as commodity demand projections stabilized and geopolitical tensions eased. S&P 500 Cools After Strong Run The S&P 500 paused its recent rally, with tech names seeing mild pullbacks as traders reassessed earnings expectations and upcoming Federal Reserve commentary. Defensive sectors saw renewed interest as investors rotated toward value. Oil Rebounds, Supporting Canadian Markets Oil prices climbed on supply concerns and improving global demand forecasts. The rebound helped lift Canadian energy producers and contributed to the TSX’s relative outperformance. Canadian Dollar Holds Steady The CAD traded in a narrow range, balancing stronger commodity prices against softer domestic economic data. Markets continue to watch for Bank of Canada signals on future rate direction. Wi...
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U.S. Imposes 50% Tariffs on Canadian Steel and Aluminum Amid Trade Tensions

In a significant escalation of trade tensions, U.S. President Donald Trump has announced a 50% tariff on all steel and aluminum imports from Canada, effective midnight. This decision doubles the previously threatened 25% tariff and comes in response to Ontario's recent imposition of a 25% surcharge on electricity exports to the United States.

The move has sparked concerns about its potential impact on both economies. Canadian officials have expressed dismay, warning of retaliatory measures, while U.S. manufacturers and consumers brace for higher costs. President Trump has also hinted at further tariffs on Canadian automobiles if the dispute remains unresolved.

This development marks a new chapter in the ongoing trade disputes between the two nations, with significant implications for industries and markets on both sides of the border.

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