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Carney Courts Mexico on USMCA Stability as Markets Rally on Rate Cuts

Lower borrowing costs are reviving risk appetite even as companies weigh tariff uncertainty.

Overview

  • Prime Minister Mark Carney arrived in Mexico City for talks with President Claudia Sheinbaum, who said the three USMCA partners want the pact strengthened and highlighted the chance to reinforce CanadaMexico ties.
  • Canada’s TSX TSX composite index rose about 132 points as investors responded to quarter-point cuts from both the Bank of Canada and the U.S. Federal Reserve, with the Fed signaling two more reductions this year.
  • Market strategists linked gains to cheaper financing and solid recent earnings but cautioned that U.S. tariff policy under President Donald Trump keeps investment plans guarded.
  • Postmedia letters reflected intensified scrutiny of Carney’s agenda, citing concerns over tariffs, deficits and immigration, with one writer noting Alberta Premier Danielle Smith’s praise for his support of certain projects.
  • In sports, the Winnipeg Blue Bombers kept Chris Streveler with the first-team offence as Zach Collaros remained sidelined following his Sept. 6 head injury, and the OHL’s Sudbury Wolves face a road-heavy start that could be complicated by NHL camp absences for Kieron Walton and Nathan Villeneuve.