Canada:

Impact of the Trade War So Far:

U.S. President Donald Trump imposed 25% tariffs on Canadian goods, prompting reciprocal tariffs from Canada.

The trade conflict is already impacting the Canadian economy:

• Growth forecasts for 2025 have been downgraded to 1.2%.
• Unemployment is expected to rise to between 7% and 7.5%.
• The Bank of Canada kept interest rates unchanged at 2.75%, highlighting increased uncertainty.

Despite ongoing concerns about commodity price volatility and global trade tensions, the Toronto Stock Exchange (TSX) posted a 2.93% gain during the week of April 21–27, 2025.
The market’s rise was supported by higher oil prices, strong corporate earnings, and renewed optimism about a potential easing of trade disputes between Canada and the United States.

GTA Housing Market: Price Movements for March 2025

Benchmark Home Price:

• $1,068,500
• ▼ -0.5% change compared to the previous month
• ▼ -3.8% change compared to the previous year

Average Home Price:

• $1,093,254
• ▲ +0.8% change compared to the previous month
• ▼ -2.5% change compared to the previous year

Median Home Price:

• $945,000

United States:

U.S. stock markets had a strong week, boosted by signals of potential tariff relief between the U.S. and China.

• S&P 500 4.59%
• Nasdaq 6.43%
• Dow Jones 2.48%
• 10-year Treasury yields fell to 4.25%
• Bitcoin 12%

Despite the optimism, no formal trade agreements have been signed yet.

This Week’s Hot News Tesla (TSLA):

Tesla shares jumped 18% despite weak Q1 2025 earnings (20% drop in vehicle revenue, 71% drop in net income). Positive news — Elon Musk reducing political involvement, regulatory support for autonomous vehicles, strong energy division growth (67%), and a $37 billion cash reserve — restored market confidence.

Looking Ahead:

This week, U.S. companies continue releasing quarterly earnings, but uncertainty remains high regarding the future impact of tariffs and global trade policies.