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New Tariffs Hit Today, Oil Tops $107, and the Fed Decision Looms

  A new round of US tariffs on Canadian goods takes effect today, oil is sitting at its highest level in roughly four months, and markets are bracing for tomorrow's Federal Reserve rate decision. Here's what moved overnight and what it means for your wallet. What It Means for You Today's expanded US tariffs cover cheese, vehicles, construction materials, paper and lighting fixtures — expect price pressure on anything crossing the border in either direction over the coming weeks. Bond yields flirting with 5% are pushing fixed mortgage rates higher even before the Bank of Canada moves again, so if you're renewing soon, it's worth locking in a rate hold now rather than waiting. And with a Fed hike odds-on for tomorrow, expect a volatile 48 hours for TFSA and RRSP portfolios — this is a "check your allocation, don't check your balance daily" kind of week. 🇨🇦 Canada: TSX Ends Monday Flat as CPI Holds at 3.0% The S&P/TSX Composite closed essentially un...
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Wall Street Stumbles Amid Inflation and Tariff Concerns

                                        

Wall Street faced a sharp downturn as fresh U.S. economic data reignited fears of inflation and tariff impacts. The S&P 500 dropped 1.97%, closing at 5,580.94 points, while the Nasdaq fell 2.70% to 17,322.99 points, and the Dow Jones Industrial Average declined 1.69% to 41,583.90 points.

The latest data revealed weaker-than-expected consumer spending in February, coupled with a significant rise in underlying prices—the highest in 13 months. Additionally, a University of Michigan survey highlighted soaring inflation expectations, reaching their highest levels in over two years.

These developments, combined with escalating tariff measures from the Trump administration, have heightened concerns about the economic outlook. Major tech stocks, including Amazon, Microsoft, and Apple, saw significant losses, reflecting broader market unease.

Market analysts warn that the inflationary effects of tariffs may intensify in the coming months, further complicating the Federal Reserve's monetary policy decisions. As uncertainty looms, businesses and investors are adopting a cautious stance, bracing for potential economic turbulence.

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