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As U.S.-Canada trade war escalates, Ontario Premier Doug Ford says Trump is "treating us like we're Communist China" CBS NewsCanada Fires Back in Trade War Against Trump With Up to 50% Tariffs The New York TimesThe US and Canada could pull back from an all-out trade war. It's not clear that they will AP NewsThe Canadian Bad Cop on the Front Lines of the U.S. Trade War WSJAs U.S.-Canada tension
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Canada announces retaliatory tariffs on U.S. products as trade war deepens The Washington PostLutnick's last-minute demands derailed Canada trade talks: Reports The HillCanada announces retaliatory tariffs on US products: 'It's all about fairness' WJLAAs U.S.-Canada tensions escalate, Republicans could face political consequences The Washington Post
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Oil prices declined on Tuesday as traders shrugged off U.S. threats of an "economic D-Day" against Iran, while a flurry of headlines helped to renew hopes that the conflict could soon come to an end.
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Speculators still see yields hitting new highs in 2026 and ending the year at levels elevated from where they're currently trading.
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