Copper Prices Skyrocket Amid Tariff Announcements
Copper prices surged to a record high following President Trump's tariff announcements, reflecting market volatility and speculation about future trade policies.
Market reactions to the latest U.S. inflation data have significantly impacted commodity prices, particularly oil and the dollar. As inflation shows signs of cooling, traders are adjusting their strategies, leading to fluctuations in various markets.
Quebec's forest industry faces significant challenges as Premier François Legault raises concerns over a potential 25% tariff proposed by U.S. President-elect Donald Trump, amidst existing pressures from high interest rates and duties on softwood lumber.
Canada's oil and gas industry is likely to cut production under new federal regulations aimed at reducing emissions. The proposed rules raise concerns among industry executives about the feasibility of maintaining production levels.