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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...
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Alberta Reopens Doors to U.S. Alcohol and Gambling Machines Amid Trade Talks

Alberta has officially resumed purchasing American alcohol and gambling machines, marking a shift in its trade stance after a three-month pause aimed at countering U.S. tariffs. The decision, announced by Service Alberta Minister Dale Nally, signals a renewed commitment to open and fair trade with the United States.

Premier Danielle Smith initially halted the procurement of U.S. liquor and video lottery terminals in March, following heavy tariffs imposed by former U.S. President Donald Trump on Canadian goods and energy. The move was part of a broader effort by Canadian provinces to push back against economic restrictions.

Now, Alberta’s government is focusing on fostering constructive negotiations ahead of the upcoming review of the Canada-U.S.-Mexico Agreement (CUSMA) in 2026. Minister Nally emphasized that Alberta remains committed to advocating for a tariff-free relationship while encouraging residents to continue supporting local producers.

Despite the policy shift, a 25% surtax will still apply to U.S. liquor products imported after March 4, potentially affecting consumer demand. Retailers have noted a decline in American liquor sales since the initial ban, with patriotic sentiment influencing purchasing habits.

As Alberta reopens trade channels, the province aims to balance economic diplomacy with local industry support, setting the stage for future trade discussions with its southern neighbor.

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