Upbeat music plays.
[Screen shows “Weekly Market Outlook with Jeffrey Kleintop”]
[Jeff holds up an illustration of a Canadian flag]
From a new Canadian prime minister to key U.S. inflation data, another set of tariffs, and a looming government shutdown at the end of the week, I’m Jeff Kleintop with 90 seconds on what you need to know for the week ahead.
To kick off the week, Sunday saw Canada’s Liberal Party elect a new Prime Minister to succeed Trudeau and that new leader will be sworn in early this week.
On Monday,
[Jeff holds up an illustration of chess pieces superimposed on a globe]
China’s retaliatory tariffs as high as 15% on U.S. agricultural goods are scheduled to take effect. Also, European Union finance ministers meet in Brussels amid efforts to boost defense spending with impacts on growth, inflation, and debt, in response to President Trump signaling reduced support for European defense and rebuilding ties with Russia.
We’ve got a new week
[Jeff holds up an illustration of a hairpiece labelled “tariffs”]
new tariffs. Wednesday marks the U.S. deadline to impose 25% steel and aluminum tariffs. Of course, they could be delayed or altered as has been the pattern so far. Also, the U.S. consumer price index for February covers the first full month of President Trump’s second term as the Federal Reserve communications blackout period--where they avoid making comments--begins ahead of the March 19 policy meeting. And, also on Wednesday, the Bank of Canada meets on rates with a quarter-point reduction anticipated.
On Thursday,
[Jeff holds up an illustration of pen and clipboard labelled “Unemployment Claims”]
the White House-imposed deadline for agency restructuring proposals and mass-layoff plans are to be presented, fresh after last week’s jobs report for February.
And Friday is the deadline
[Jeff holds up an illustration of the White House labelled “Washington D.C.”]
for U.S. lawmakers to strike a spending deal that avoids a federal government shutdown. Capping a big week for events emanating from Washington.
Thanks for watching.
[Jeff holds up sign saying "Thank You"]
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