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Markets Brace for BoC Decision After Brutal Friday Selloff

Canadian and global markets are attempting to stabilize this Monday morning after a punishing end to last week — and with one of the most closely watched Bank of Canada rate decisions in recent memory arriving in just two days, investors have plenty to keep them on edge. What Happened Friday Friday's selloff was sharp and broad. The technology-heavy Nasdaq Composite tumbled 4.18% — its steepest single-day decline since April 2025 — closing at 25,709. The S&P 500 fell 2.64% to 7,383, and the Dow Jones Industrial Average lost roughly 695 points (−1.35%) to end at 50,866. The catalyst was a brutal rotation out of chip stocks. Broadcom had already disappointed investors mid-week by failing to raise its AI chip guidance, and the selling gathered momentum on Friday. Marvell Technology and Micron plunged approximately 16% and 13%, respectively, while Nvidia, Intel, and AMD all shed between 6% and 11%. Compounding the pain: a stronger-than-expected U.S. jobs report for May pushed Treas...
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Wall Street Holds Steady Amid Trump's Tariff Threats

                                       

US stocks showed resilience on Tuesday as investors weighed President-elect Donald Trump's threat to impose fresh tariffs on China, Canada, and Mexico. The S&P 500 inched up roughly 0.3%, while the tech-heavy Nasdaq Composite jumped about 0.4%. However, the Dow Jones Industrial Average dropped 0.3% after hitting a record high.

Trump's pledge to impose tariffs from his first day in office initially sparked trade war fears, but Wall Street seemed to take the news in stride, holding onto gains from Monday's Bessent-bounce. Investors are now closely watching the release of Federal Reserve minutes for clues on the pace of interest rate cuts in the coming year.

European carmakers, particularly Nissan and Honda, faced pressure due to Trump's "America First" push, while the Mexican peso and Canadian dollar dropped sharply. Meanwhile, bitcoin retreated to trade around $92,840 per token as its bid for the $100,000 milestone ran out of steam.




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