See the full story in the original article.
Read the original on MarketWatch ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
USD/CAD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.40091 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Trump Canada tariffs put dairy , lumber and market access at risk
President Trump’s escalating trade fight with Canada is squeezing its economy, with U.S. tariffs on roughly $20 billion in goods still in place. Steel exports have fallen by roughly half since the tariffs took effect, and lumber exports were about 20% below 2024 levels earlier this year, according to the Bank of Canada. Consumer prices were 3% higher in August than a year earlier, with grocery prices up 2.8% and transportation costs up 7.5%, while goods hit by retaliatory tariffs rose roughly 6% more than unaffected products. David Clement of the Consumer Choice Center said U.S. complaints about Canadian dairy access are valid, though dairy is a small part of a relationship in which more than 99% of trade was duty-free before 2025. Higher energy prices tied to the Iran war add another squeeze ahead of the midterm elections.
- Trump to ease 50 % Canada tariffs on farm equipment , packaging goods
- Trump tariffs on steel , aluminum a disaster for the U . S ., think tank says
A Montreal Economic Institute report, written mainly by University of Toronto economics professor Joseph Steinberg, argues that Trump's steel and aluminum tariffs have been a “disaster” for the U.S., fuelling inflation without the promised growth in those industries or new jobs. Since February 2025, U.S. steel prices have risen 33.9% and aluminum 58%, versus 1% and 26% in Canada. During the 19-month period in which the tariffs were in place (imposed in March 2025 and later raised from 25% to 50%), U.S. steel production rose 7.6% with employment up 0.7%, while aluminum production fell 0.1%. The new steel tariffs alone could raise costs by 6.5% in autos and 13% in fabricated metals, and the report says consumers and industrial buyers have paid the price. Tariffs remain a source of friction with Canada: New Jersey importer Gellert Global Group has sued over the 50% tariffs, while U.S. courts have already ruled some earlier tranches illegal.
- Trump tariffs on steel , aluminum a disaster for the U . S .: Think tank
A Montreal Economic Institute report says Trump's tariffs of 25%, later raised to 50%, on steel and aluminum have pushed prices up while barely increasing industry jobs. U.S. steel prices have risen 33.9% since February 2025 and aluminum prices 58%, versus only 1% and 26% in Canada. Over the 19 months, U.S. steel output rose 7.6% and employment 0.7%, while aluminum output fell 0.1%. Lead author Joseph Steinberg says consumers and industries that buy metals have paid the price, while the U.S. government and domestic producers are the only winners. A New Jersey importer has also sued over the 50% tariffs on Canadian goods, after some earlier tariff tranches were ruled illegal by U.S. courts.
- Trump's tariffs loom over Maine Senate race between Collins and Jackson
Tariffs are shaping the tight Maine Senate race between Republican incumbent Susan Collins and Democrat Troy Jackson. Lobster-trap maker Mark Brooks of Brooks Trap Mill has seen costs rise from 50% steel tariffs and a 20% supplier price increase, and his roughly $2 million in annual Canadian shipments dried up after Canada imposed 50% tariffs on U.S. lobster traps. Maine sends more than 40% of its exports to Canada, and seven in 10 likely voters say tariffs on Canadian goods are bad for the state, according to a CNN poll. Both candidates criticize the tariffs but disagree on responsibility: Collins points to exemptions she secured for items like concrete, wood pulp and road salt, while Jackson argues Congress should have prevented the tariffs. Polls show Jackson leading by an average of 2 percentage points.
- Trump sued over 50% tariffs on Canada in latest trade challenge
A lawsuit filed Tuesday in the U.S. Court of International Trade challenges President Donald Trump's use of Section 338 of the 1930 Tariff Act to impose 50% tariffs on Canadian goods such as hockey sticks, wine, honey, and wigs, imposed in July. Plaintiff Gellert Global Group, a New Jersey food importer whose cheeses are covered by the duties, argues the 96-year-old law was impliedly repealed by later legislation. The complaint asks the court to declare the tariffs unlawful, block their enforcement, and order refunds with interest for duties already paid. Represented by the Liberty Justice Center, which previously helped get the Supreme Court to strike down Trump's reciprocal tariffs in February, the case comes as the administration refunds an estimated $166 billion collected under those duties. The White House did not immediately respond to CNBC's request for comment.
Related markets
Latest news
- Chevron Is Taking a $3 Billion to $4 Billion Loss on Hess Midstream. Should You Buy the Stock Anyway?
Chevron’s agreement with Hess Midstream will require a write-off of up to $4 billion, covering its ownership interest in Hess Midstream, including the general partner interest, and some of its own midstream assets. The article argues the charge is small relative to Chevron’s market cap of around $440 billion and its debt-to-equity ratio of roughly 0.2x, which is second-lowest among peers after ExxonMobil at about 0.16x. Management believes the deal could cut Chevron’s midstream costs in the Bakken region by as much as 50%. Chevron has 38 consecutive annual dividend increases and a 3.1% yield, above the energy industry average of 2.4%. The author views Chevron as suited to long-term dividend investors and treats the charge as an upfront cost for lower costs in future years.
- Gold Just Fell Below $4,000 After Its Worst Week in Five Months
Spot gold fell to $3,998.49 an ounce at 2:27 p.m. New York time on Friday, October 23, 2026, a three-month low and its first move below $4,000 since mid-July. It was the second time in 2026 that gold broke that level. The article attributes the drop to margin calls, soaring oil prices and rising odds of a Fed rate hike, which weakened gold’s role as a safe haven as stocks slid. December futures fell about 4.1% from their October 16 settlement of $4,181.10, the steepest weekly decline since June, and gold now sits roughly 29% below its late-January record near $5,600. Brent crude traded above $117 intraday, while the 10-year Treasury yield stood at 4.96%.
- Is Bitcoin a Buy Right Now?
Bitcoin is down 7% for the year and 35% below its all-time high of $126,000 reached last October. J.P. Morgan Asset Management projects a base-case annual return of 10% for Bitcoin over the next decade, versus 5.5% for gold, 6% for bonds and 7.5% for stocks. Its bull case is 17% a year, while the bear case is -9.7% a year. J.P. Morgan also calls Bitcoin a volatile, risky asset with unstable correlations to major asset classes and few real fundamentals, making it essentially “a bet on fiat currency expansion.” The author argues Bitcoin remains attractive at around $82,000.
- Debt : Moody spares France , a brief respite , not a vote of confidence
Moody's kept France's Aa3 sovereign rating unchanged with a negative outlook on Friday evening, despite market expectations of a downgrade, and economists called the relief short-lived. Moody's said the rating assumes a 2027 budget reducing the deficit will be adopted, and that funding costs and social tensions will moderate somewhat over the coming months. France's 10-year OAT yield broke through 5.1% on Wednesday, versus 3.2% before the start of the war between the United States and Iran, amid strain after the riots of 17 October. Natixis strategist Théophile Legrand said the negative outlook means the risk of a downgrade remains fully present, while BCA Research's Jérémie Peloso blamed political deadlock and a lack of budgetary ambition. Economy Minister Roland Lescure and Prime Minister Sébastien Lecornu welcomed the decision, with Lescure calling a budget that brings the deficit to 5% by year-end “non-negotiable”.
- Iran oil revenues exceeded $1 . 5 billion last month
Iran's oil revenues exceeded $1.5 billion in the previous Iranian calendar month, from September 23 to October 22, according to Fars News Agency. Over the past seven months, total oil revenues topped $17.5 billion, with more than $16 billion received in the first six months of the year. Central Bank Governor Abdolnaser Hemmati said the country's foreign exchange reserves were satisfactory and would be sufficient to meet Iran's needs long after Donald Trump's presidential term ends.
- CME CPI Futures Averaged 98 Contracts a Day in February 2004
The article explains that U.S. inflation markets use CPI futures and threshold-based event contracts, such as Kalshi’s CPI markets, which depend on whether the index passes a chosen level. CPI futures debuted at the Chicago Mercantile Exchange in February 2004 and averaged 98 contracts a day that month. It distinguishes headline CPI, which includes food and energy, from core CPI, which excludes both, and notes that inflation swaps are privately negotiated derivatives traded over the counter.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.