FT News Briefing
Foreign investors feel the pinch of US stock slump
Mar 24, 2025
Canada's prime minister has called for snap elections amid political turmoil. European investors are feeling the heat from a slump in U.S. equities, compounded by a declining dollar. Carmakers are racing to deliver vehicles before impending tariffs hit. In the sports world, top tennis players are suing governing bodies, alleging unfair treatment and a cartel-like system that limits their earnings. The conversation touches on shifting dynamics in global trade and the evolving landscape of athlete rights.
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Quick takeaways
- Canada's snap elections, called by Prime Minister Mark Carney, reflect concern over economic recovery and national priorities amid U.S. tensions.
- Foreign investors suffer from a U.S. stock slump as currency fluctuations exacerbate losses, undermining confidence in the dollar's safe-haven status.
Deep dives
Canada's Snap Elections and Political Climate
Canada is set to hold early elections on April 28th, initiated by Prime Minister Mark Carney, who has taken a determined stance since becoming the Liberal Party leader. Facing Conservative Party leader Pierre Poliev, who has attracted comparisons to Donald Trump with his campaign slogan 'Canada first,' the election could pivot on national priorities. Carney's focus has been on economic recovery and standing strong against the U.S., which has led to a narrowing gap in polling—previously dominated by Conservatives. The uncertain political landscape raises questions about the direction Canada will take amid changing international relations and domestic challenges.
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