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Markets Soar to Record Highs as Loonie Rebounds Amid Trade Optimism

North American stock markets kicked off July with a bang, as the TSX, S&P 500, and Nasdaq all closed at record highs  on Monday, buoyed by strong tech performance and renewed optimism around global trade negotiations. The S&P 500 rose 0.52% to 6,204.95 , while the Nasdaq climbed 0.48% to 20,369.73 , both notching fresh all-time highs. The Dow Jones Industrial Average added 275 points , closing at 44,094.77. Canada’s TSX Composite Index also surged , reflecting investor confidence in the domestic economy and easing geopolitical tensions. Driving the rally were heavyweight tech stocks like Nvidia, Meta, and Microsoft, which continued to benefit from investor enthusiasm around artificial intelligence and digital transformation. The momentum was further supported by Canada’s decision to scrap its digital services tax, a move seen as a goodwill gesture to advance trade talks with the U.S.. Meanwhile, the Canadian dollar (loonie) rebounded  from last week’s dip, recovering g...
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Trump Condemns Putin’s Actions, Signals Possible Sanctions

In a rare and pointed rebuke, U.S. President Donald Trump has criticized Russian President Vladimir Putin, calling him “absolutely CRAZY” following Russia’s largest aerial assault on Ukraine since the war began. The attack, which involved hundreds of drones and missiles, resulted in multiple casualties and widespread destruction.

Speaking to reporters in New Jersey, Trump expressed his frustration, stating, “I don’t know what the hell happened to him. He’s killing a lot of people. I’m not happy about that”. He also hinted at the possibility of imposing additional sanctions on Russia in response to the escalating violence.

Despite his strong words for Putin, Trump also criticized Ukrainian President Volodymyr Zelensky, suggesting that his rhetoric was causing unnecessary problems. The Kremlin, meanwhile, has downplayed Trump’s remarks, attributing them to heightened emotions surrounding the conflict.

As tensions continue to rise, the international community watches closely to see whether Trump will follow through on his threats of increased sanctions or push harder for peace negotiations.

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