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Wall Street Eyes Weekly Gain as Peace Hopes Lift Futures

  Wall Street Poised for Weekly Gain as Futures Climb on Middle East Peace Hopes Wall Street looked set to close the week on a positive note as U.S. equity futures climbed Friday, supported by renewed optimism that diplomatic progress in the Middle East could ease geopolitical tensions. Investors have been highly sensitive to any signs of de‑escalation, and this week’s developments helped unwind some of the risk premiums that had weighed on global markets. Oil prices, which surged earlier in the month on fears of supply disruptions, pulled back again as ceasefire discussions gained traction. Lower energy costs have helped cool inflation expectations, giving markets a bit more breathing room after a volatile stretch. Major U.S. indexes are now on track for a weekly gain, with tech and consumer stocks leading the rebound. Still, analysts caution that sentiment remains fragile: any setback in negotiations could quickly revive market turbulence. For Canadian investors, easing oil v...
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Ottawa Scrambles as Trump’s Tariff Deadline Nears Without a Deal

 

                                                 Kirsten Hillman, left, Canada's ambassador to the U.S., and Dominic LeBlanc, Canada's                                                             minister responsible for Canada-U.S. trade, speak to reporters in Washington, D.C., on Thursday.


With a critical deadline fast approaching, Ottawa remains locked in negotiations as it seeks to avert looming tariffs threatened by former U.S. President Donald Trump. The tariffs, set to take effect within days, could have sweeping consequences for Canadian industries, particularly in manufacturing and agriculture.

Despite weeks of high-level talks, Canadian officials have yet to secure an agreement that would satisfy Washington’s demands. Trump, known for his aggressive trade stance during his presidency, has signaled a return to hardline policies, warning that punitive measures will be imposed if Canada fails to make concessions on key trade issues.

Sources close to the negotiations say sticking points include dairy market access, auto exports, and digital trade regulations. Ottawa has pushed back against what it calls “unreasonable demands,” emphasizing the importance of protecting domestic jobs and sovereignty.

Business leaders across Canada are urging swift action, warning that uncertainty is already affecting investment decisions and supply chains. “We need clarity, and we need it now,” said one Ontario auto executive. “Tariffs would be devastating.”

As the deadline looms, pressure mounts on Prime Minister Justin Trudeau’s government to strike a deal or face economic fallout. Whether compromise can be reached in time remains uncertain—but the stakes couldn’t be higher.

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