Back to today’s briefing

Story perspectives

Global Markets Rally Amid U.S. Data and Tariff Concerns

8/7/2025

44 9

Summary

Story summary

Global markets surged as investors digested disappointing U.S. economic data and mixed corporate earnings amid tariff worries. Shopify in Canada celebrated robust growth, while Brookfield's profits narrowly missed forecasts. Meanwhile, oil prices climbed on fears of supply disruptions tied to U.S. tariff threats against India, boosting the Canadian dollar against its U.S. counterpart.

1 of 1

Story summary

Global markets surged as investors digested disappointing U.S. economic data and mixed corporate earnings amid tariff worries. Shopify in Canada celebrated robust growth, while Brookfield's profits narrowly missed forecasts. Meanwhile, oil prices climbed on fears of supply disruptions tied to U.S. tariff threats against India, boosting the Canadian dollar against its U.S. counterpart.