Declining U.S. and Canadian futures, along with escalating trade tensions between the U.S. and its allies, point to a weak start on Bay Street Tuesday morning. However, surging commodity prices may offer some support and limit market's downside.
The U.S. President threatened on Monday that his administration will impose 10% tariffs on several European countries from February 1 if the U.S. is not allowed to buy Greenland, and added that the levies could rise to 25% from June.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.