CANADIAN STOCK MARKET
Trump tariffs force more automakers to scrap profit guidance
Mounting trade tensions, spearheaded by unpredictable U.S. tariffs, have prompted Stellantis and Mercedes-Benz to retract their profit forecasts, mirroring similar actions by other automakers. The uncertainty is disrupting long-term planning and investment in the auto industry, already grappling with the shift to electric vehicles.
Trump eases auto tariffs burden as Howard Lutnick touts first foreign trade deal
President Trump softened auto tariffs with credits and levy relief, aiming to ease investor concerns amid criticism of his economic policies. The move, allowing carmakers more time to increase domestic component usage, comes as a new set of import taxes looms.
UPS Q1 earnings: United Parcel Service to slash 20,000 jobs, shut 73 sites amid Amazon pullback, economic uncertainty
United Parcel Service (UPS) will eliminate 20,000 positions and shut 73 facilities as it prepares for a decline in Amazon deliveries and deals with economic uncertainty. Though experiencing a slim revenue drop, UPS surpassed earnings projections for Q1.
Asian stocks muted at open before earnings barrage
Australia’s benchmark stock gauge rose 0.4%, while equity-index futures for Hong Kong and China showed marginal moves. Contracts for the S&P 500 swung between small gains and losses after a late wave of buying wiped out losses in US stocks. The dollar steadied after falling Monday. There’s no trading of cash Treasuries in Asia as Tokyo is closed for a public holiday, and they will open at the start of the European session.
Canada election 2025 result impact on stock market
Canada's upcoming federal election on April 28 could significantly impact financial markets. A Liberal victory, expected by THINK economic analysis, may cause minimal disruption. However, a Conservative win might rally the Canadian dollar. Both parties propose tax cuts, but differ on fiscal plans. US-Canada trade relations, vital for investor confidence, will be closely watched.
US stock futures today: Dow futures slip as China says trade talks haven’t even started, S&P 500 and Nasdaq drop, P&G cuts outlook, Texas Instruments and ServiceNow soar—Is Wall Street heading for a deeper pullback?
US stock futures today: Dow futures slip as China says trade talks haven’t even started, shaking investor confidence and pulling Wall Street lower in early trading. The S&P 500 and Nasdaq also dipped, raising fresh fears of a deeper market correction. While P&G cut its outlook, tech stocks like Texas Instruments and ServiceNow surprised with solid earnings. Mixed earnings, trade tensions, and falling futures are keeping traders on edge. Is this the beginning of a bigger market dip?
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Canada’s condo crisis; survey reveals shifting investment options
A new survey reveals that around 30% of Canadians no longer see condos as a good investment, with only 11% considering buying one for that purpose. High inventory and a slowing rental market are concerns for investors, despite condos remaining an entry point for first-time homebuyers, particularly younger individuals
Gold prices surge in Canada, boosting stock market
Canadian gold prices have significantly increased in April 2025, with 24K reaching $154.75 per gram. This surge boosted gold mining stocks on the TSX and slightly lifted the overall market, overshadowing the Bank of Canada's steady interest rates. Experts attribute this to gold's safe-haven appeal amid global uncertainties and central bank buying
Trump’s push against Powell is latest reason to sell US assets
US President Trump's contemplation of dismissing Federal Reserve Chairman Jerome Powell triggered a sell-off of US assets. The dollar weakened, stock futures declined, and Treasury yields rose as investors grew concerned about the implications for the US economy. This development, coupled with trade tariff worries, further fueled doubts about the dollar's stability.
Tariff war threatens your job: These sectors will be impacted by Trump’s tariffs
The trade war isn’t just about geopolitics. It’s about your pay cheque, says Devashish Chakravarty.
World’s biggest trade fair confronts Trump tariff ‘disaster’
The strained US-China relations are causing significant disruptions, potentially reshaping global manufacturing landscapes.
Why this round of tariffs feels so personal
Despite a temporary tariff pause, CEOs anticipate a recession due to unpredictable trade policies. Hobbies, integral to many lives, are significantly impacted. Increased costs are expected for baking, publishing, and pet care. Gamers face potential price hikes, and the board game industry foresees challenges.
One man’s gut, everyone’s problem: Trump’s instinctive trade war is spooking global markets and allies alike
President Donald Trump's instinct-driven approach to policymaking has led to sweeping tariffs, causing economic upheaval and uncertainty. His unpredictable decisions have impacted global trade, strained international relations, and left American consumers facing rising costs. As markets react and citizens adjust their spending, the world watches closely, navigating the consequences of a leader who governs by gut feeling.
US stocks shaky, while falling US dollar, bond prices indicate more fear amid trade war
US stocks are shaky Friday as Wall Street's monstrous week heads toward its close, while the rising price of gold, falling value of the US dollar and moves in other financial markets indicate more fear as President Donald Trump's trade war with China escalates even further.
Think the worst is over for markets? JPMorgan’s Jamie Dimon still sees a US recession ahead despite Trump’s 90-day tariff pause
President Trump’s 90-day pause on most U.S. tariffs hasn’t moved the needle at JPMorgan Chase, which continues to forecast a 60% chance of a U.S. recession. CEO Jamie Dimon warned that Trump’s steep tariffs—especially on China—could trigger defaults and stoke inflation. Though Wall Street briefly rebounded, uncertainty looms. Dimon called for serious trade negotiations and deeper ties with countries like India and Brazil. Meanwhile, Trump boosted a selectively edited Dimon quote, painting the JPMorgan chief’s warning as praise.
Trump figuring out next steps in global tariff battle
President Trump is navigating trade talks with numerous nations, including China, amidst tariff escalations and pauses. While the bond market is tempering his plans, elevated import taxes remain, potentially impacting consumers. Trump aims to eliminate the trade deficit, revive manufacturing, and address trade practice concerns, but faces potential economic repercussions and voter frustration.
US stock market today: Major indexes tank - Dow Jones plunges over 900 points, Nasdaq and S&P 500 sink as investors sell off Tesla, Nvidia, bank stocks amid rising caution over rate fears and earnings pressure
US stock market today saw a sharp drop, with the Dow Jones falling over 900 points—one of its worst days in months. Tech-heavy Nasdaq and S&P 500 also took major hits, pulling back from recent highs. Investors reacted to economic uncertainty and policy shifts under Trump’s current administration. The sell-off hit major tech and finance stocks, leaving many wondering if this is the start of a bigger correction. Curious about why the market tanked and which stocks took the biggest hits?
Wall Street slides again as US forges ahead with 104% tariffs on China
S&P 500 companies have lost $5.8 trillion in stock market value since Trump's tariff announcement last Wednesday, the deepest four-day loss since the benchmark was created in the 1950s, according to LSEG data. Global markets had previously posted gains on hopes that Trump might be willing to negotiate down the array of country and product-specific trade barriers he is erecting around the world's largest consumer market.
China boosts Indian rapeseed meal purchases after tariff on Canadian imports
China has significantly increased its imports of Indian rapeseed meal, purchasing 52,000 tons in recent weeks due to retaliatory tariffs on Canadian imports. This surge in demand could position China as a major buyer of Indian rapeseed meal, potentially boosting India's overall exports given its surplus and global shortages.
Is the 'Buy Canadian' movement killing brands in US? A huge shift in consumer sentiment
The Buy Canadian movement impacts US companies. Some retailers pause American brand launches due to anti-American sentiment. Canadian shoppers prefer local products, affecting US exports. Diaper, drinks, and citrus fruit businesses face challenges. Canadian companies see opportunities as retailers prioritize local goods. Some US companies halt expansion plans in Canada. The shift reflects changing consumer preferences and trade tensions.
Elon Musk, Jeff Bezos among billionaires who lost $208 billion in one day after Trump tariffs
Global billionaires lost a combined $208 billion in a single day after Trump’s tariff announcement rattled markets—the fourth-largest drop in Bloomberg Billionaires Index history. Over half saw declines averaging 3.3%, with US billionaires hit hardest. Carlos Slim gained as Mexico was spared, and the Middle East was the only region to post net wealth gains.
Trump's tariff push is a race against time, and potential voter backlash
President Trump's new expansive tariffs mark a significant shift by reversing decades of lower trade barriers. Economists predict these tariffs will lead to increased prices for Americans and slow economic growth, with potential inflation rising to 4%. Mixed reactions from Americans highlight concerns over higher living costs and job losses.
TRADING DAY-Nervous calm ahead of 'Liberation Day'
On the first trading day of the quarter, markets were apprehensive ahead of President Trump's 'Liberation Day,' impacting stocks, U.S. Treasury yields, and gold. The anticipation of Trump's new tariffs created uncertainty, affecting global market performance and investor sentiment.
Donald Trump's 'Liberation Day' tariffs are coming. What do these duties mean for you and USA economy?
April 2 Trump Tariffs are coming into effect on Wednesday as economic experts are still guessing the probable impact of these duties.
View: Reciprocal tariffs? We’ve seen this movie before
President Trump announced plans for 'reciprocal tariffs,' where the US will match the tariffs and non-tariff barriers that American exporters face. This move could lead to extended international negotiations with multiple countries, potentially causing significant market volatility and economic conflict.
A Senate vote to reverse Trump's tariffs on Canada is testing Republican support
Senate Democrats are forcing a vote to nullify President Trump's emergency declaration that supports tariffs on Canadian imports, arguing it will hurt the economy. Trump claims these tariffs will combat drug trafficking, but critics fear rising costs for consumers and industries.
US stocks open sharply lower on tariff worries
US stocks experienced declines on Monday as market volatility increased due to uncertainty surrounding tariffs President Trump plans to implement on April 2. The lack of clarity from Trump's administration has led to nervousness among investors, impacting major indexes like the Dow Jones, S&P 500, and Nasdaq.
How Trump supercharged distrust, driving US allies away
President Trump's introduction of the F-47 and his plans to sell downgraded versions to allies have led many nations to distrust the U.S. and reevaluate their alliances. Countries are exploring new defense partnerships, trade deals, and even considering nuclear weapons. Trump's aggressive policies have accelerated global shifts away from U.S. reliance, creating lasting doubts among allies.
Why did Donald Trump ask Americans not to rush car purchases amid new auto tariffs?
Under the new policy, a 25% tariff on imported cars and auto parts will take effect on April 2, with additional fees set to be implemented beginning April 3.
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