Ontario

USA - Canada "de-escalates" tariffs, financial market receives positive signals

The financial market recently received good news as Premier #Ontario , Doug Ford, announced a temporary halt to the 25% tax on electricity exports to the USA, while President $TRUMP also temporarily suspended plans to double tariffs on imported metals from Canada.

This move helps reduce trade tensions between the two major economies, bringing stability to related industries, particularly energy and metals. Share prices of mining and energy companies in North America may benefit from this decision, while the stock market in general could react positively due to improvements in US-#Canada trade relations.

The upcoming meeting on March 13 between Ontario and the US Secretary of Commerce will continue to be an important point to watch, especially as the deadline for the US to apply retaliatory tariffs on April 2 approaches. If the two sides reach an agreement to extend #USMCA , this could boost investor confidence in regional economic stability.