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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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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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