Skip to main content

Featured

Markets Brace for BoC Decision After Brutal Friday Selloff

Canadian and global markets are attempting to stabilize this Monday morning after a punishing end to last week — and with one of the most closely watched Bank of Canada rate decisions in recent memory arriving in just two days, investors have plenty to keep them on edge. What Happened Friday Friday's selloff was sharp and broad. The technology-heavy Nasdaq Composite tumbled 4.18% — its steepest single-day decline since April 2025 — closing at 25,709. The S&P 500 fell 2.64% to 7,383, and the Dow Jones Industrial Average lost roughly 695 points (−1.35%) to end at 50,866. The catalyst was a brutal rotation out of chip stocks. Broadcom had already disappointed investors mid-week by failing to raise its AI chip guidance, and the selling gathered momentum on Friday. Marvell Technology and Micron plunged approximately 16% and 13%, respectively, while Nvidia, Intel, and AMD all shed between 6% and 11%. Compounding the pain: a stronger-than-expected U.S. jobs report for May pushed Treas...
Post a Comment
Read more

article

Labels

Carney and Trump Set to Meet Amid Renewed Diplomatic Focus

 

Prime Minister Mark Carney and U.S. President Donald Trump are preparing for their first in-person meeting following a phone call on Tuesday. The conversation, which came shortly after Carney's election victory, emphasized the importance of Canada and the United States collaborating as independent, sovereign nations. Both leaders agreed to work together for mutual benefit and to meet in the near future.

This meeting comes at a pivotal time, as Carney's government navigates a minority mandate and ongoing trade tensions with the U.S. The discussions are expected to address key issues, including tariffs on Canadian exports and broader economic cooperation.

Carney's victory speech highlighted his commitment to uniting a divided Canada and fostering stronger ties with international partners. The upcoming meeting with Trump will likely set the tone for future Canada-U.S. relations.

Labels:

Comments

Post a Comment