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Auto Sector Pushes Back as Carney’s China Tariff Deal Raises Competitiveness Fears

Prime Minister Mark Carney’s new tariff‑quota agreement with China is triggering strong pushback from Canada’s auto industry, which warns the deal could weaken the sector’s competitive footing at a critical moment. The agreement allows nearly 50,000 Chinese‑made electric vehicles to enter Canada each year at a sharply reduced tariff rate, far below the steep duties currently in place. Agricultural groups have welcomed the deal, noting that it restores access to China’s massive market for key Canadian exports such as canola and seafood. But auto‑sector leaders argue the benefits come at a steep cost. They fear the influx of low‑priced Chinese EVs could undercut domestic manufacturers, discourage future investment, and strain Canada’s relationship with the United States — a country taking a much harder line against Chinese electric vehicles. Ontario Premier Doug Ford and several industry associations have voiced concern that the agreement risks destabilizing the integrated North Ameri...
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"Stock Market Futures Stall as Investors Await Key Inflation Data

                                               


Stock market futures for the Dow, S&P 500, and Nasdaq took a breather on Tuesday as investors braced for the upcoming consumer inflation report. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all paused their recent rallies, with futures indicating a cautious start to trading.

Market analysts are closely watching Wednesday's Consumer Price Index (CPI) data, which could influence the Federal Reserve's final interest rate decision of the year. Expectations are high for a quarter-point rate cut on December 18, but the CPI report will be a critical factor in confirming or adjusting those expectations.

In other news, Nvidia's stock took a hit after Chinese regulators announced an antitrust probe into the company, causing a ripple effect across the tech sector. Meanwhile, US-listed Chinese stocks saw gains following Beijing's announcement of new stimulus measures.

As the year-end approaches, investors remain cautious, balancing the potential for a Santa rally with geopolitical uncertainties and economic data points.




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