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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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Canada and Germany Forge Critical Minerals and Energy Pact to Bolster Clean Transition

 

                                       Prime Minister Mark Carney, left and German Chancellor Friedrich Merz.

Prime Minister Mark Carney and German Chancellor Friedrich Merz have signed a landmark agreement aimed at securing critical mineral supply chains and deepening energy cooperation between Canada and Germany.

The joint declaration commits both nations to co-funding natural resource projects, expanding research and development, and collaborating on clean energy initiatives such as liquefied natural gas (LNG) and hydrogen. Carney emphasized that Canada’s vast reserves of nickel, cobalt, and other key minerals have been underdeveloped for too long, while global markets remain dominated by China and Russia.

The partnership is designed to strengthen transatlantic security, accelerate the clean energy transition, and create high-value jobs in both countries. Special envoys have been appointed to advance the initiative, with Canada’s Isabella Chan and Germany’s Matthias Koehler leading the effort.

During their Berlin meeting, Carney and Merz also discussed the war in Ukraine, reaffirming that no decisions about the country’s future should be made without its direct involvement.

This agreement marks a significant step in Canada’s strategy to diversify trade partnerships and position itself as a reliable global supplier of critical resources.

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