--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — US-Canada Trade War Escalates as New Tariffs Take Effect" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000865396.md" description: "US-Canada trade talks collapsed Friday, and new 50% tariffs on roughly $20B of Canadian goods took effect over the weekend, with Ottawa vowing to match them dollar-for-dollar; another round looms Tues..." datetime: "2026-08-24T03:03:33.000Z" locales: - [en](https://longbridge.com/en/topics/100000000865396.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000865396.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000865396.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — US-Canada Trade War Escalates as New Tariffs Take Effect US-Canada trade talks collapsed Friday, and new 50% tariffs on roughly $20B of Canadian goods took effect over the weekend, with Ottawa vowing to match them dollar-for-dollar; another round looms Tuesday unless a deal is reached. US stock futures fell Monday on the news. The same weekend, Bitcoin capped its best week in about two and a half years, breaking above $75,000. Let's dig in 👇 **💬 US-Canada trade talks just collapsed with a new deadline looming Tuesday: is this serious, or just more tariff theater?** ## 📊 Quick Recap — What Moved & Why ### 🇺🇸 US — Trade War With Canada Escalates as New Tariffs Bite **🔑 Key Event:** US-Canada trade talks broke down Friday, and new **50%** tariffs on about **$20B** of Canadian goods, including lumber, liquor, and furniture, took effect over the weekend; Canada's PM Mark Carney called the move a "miscalculation" and vowed to match the tariffs dollar-for-dollar. A further round of tariffs looms at **midnight Tuesday** unless a last-minute deal is reached. US stock futures fell Monday morning on the news, with Nasdaq futures down about **0.7%**, as Treasury yields also resumed climbing. **👀 Other to Watch** - **US indices** → closed Friday up ($S&P 500(.SPX.US) **+0.4%** to 7,674.37, $NASDAQ Composite Index(.IXIC.US) **+0.4%** to 26,180.45, $Dow Jones Industrial Average(.DJI.US) **+1%** to 53,277.01), before this weekend's trade news, though all three logged a down week. - **Bitcoin** → broke above **$75,000** Friday, its best week in ~2.5 years, on record short-liquidations (Bloomberg: $2.7B in a day); $Strategy(MSTR.US) rose about **7%**, extending a ~22% weekly gain. - $Apple(AAPL.US) → Tim Cook steps down as CEO **Sept 1** after 15 years, handing the role to John Ternus, as the App Store posts its first revenue decline in 4 years. - $NVIDIA(NVDA.US) → in early talks with Korean AI-chip startup Rebellions, from partnership to acquisition; told major customers server prices will rise over **15%** for 2027 delivery. > @koolgal : Bitcoin's rally isn't just a price move, it's backed by real catalysts: the CLARITY Act gaining traction in Congress and major asset managers like BlackRock building institutional tokenisation infrastructure. ### 🇸🇬 Singapore — STI Snaps a 3-Day Losing Streak **🔑 Key Event:** $FTSE Straits Times Index(STI.SG) rose **0.3%** to 5,688.96 Friday, snapping a **three-day losing streak**, and was trading about **0.1%** higher around 5,695 Monday morning. > @koolgal : The STI isn't a speculative tech bubble, it's dominated by cash-rich banking monopolies with fortress balance sheets and great dividends, so dips are a chance to accumulate, not flee. **👀 Other to Watch** - $CityDev(C09.SG) → Friday's top STI gainer, up **1.73%** to S$8.25. - $Sembcorp Ind(U96.SG) **&** $SATS(S58.SG) → Friday's biggest laggards, down **1.49%** and **1.21%** respectively. - $TSH(KUH.SG) → rose about **4%** after its Planet Spirits unit agreed to buy assets of whisky-bar operator The Auld Alliance for up to S$2M. - $DBS(D05.SG) → Friday's most actively-traded stock, up **0.21%** to S$76 on S$255.75M turnover, and pays its S$0.81/share capital-return dividend around Aug 25; $OCBC Bank(O39.SG) and $UOB(U11.SG) had no fresh company news this week. ### 🇭🇰 HK/China — Alibaba Falls 8% After Pricing Its HK$80B Placement **🔑 Key Event:** $BABA-W(09988.HK) fell about **8%** Monday morning after pricing an **HK$80B** share placement over the weekend, its first since its 2019 HK listing, with all proceeds earmarked for AI infrastructure; the deal was oversubscribed by sovereign wealth funds despite the stock's drop. $Hang Seng Index(00HSI.HK) had closed Friday up **1.21%** at 26,009.46, though Alibaba's Monday selloff weighed on the index even as mainland markets fell separately, with the Shanghai Composite down **0.6%**. **👀 Other to Watch** - **Shein** → set its Hong Kong IPO price range at HK$47.60-49.50/share, with trading set to begin **Sept 1**, the largest HK listing so far this year. - $Hang Seng TECH Index(STECH.HK) → proposed expanding from 30 to 50 constituents with more AI and hardware names; a final decision is due late September, effective December. - $INGENIC(03223.HK) → priced its H-share IPO at HK$100, below the HK$102.80 cap, about 692x oversubscribed, with listing expected this week. ### 🌍 Other - 🇺🇸 The US is set to announce new economic measures against Iran and third-country entities today, with Iran's security council warning it could block Gulf oil shipments entirely if the pressure campaign continues. - 🌍 Gold hit a 3-month high (about $4,580-4,660/oz) and oil logged a second straight weekly gain, both on a weaker dollar and elevated Iran-related risk. ## 📅 Key Events Tonight / This Week | **When (SGT)** | **What** | | --------------------- | ----------------------------------------------------------------------------------------------------------------- | | **Today, Mon 24 Aug** | 🌍 US to announce new Iran economic measures during the session 🇭🇰 $INGENIC(03223.HK) listing expected this week | | **Tue 25 Aug** | 🇸🇬 Singapore's July CPI expected around this date (not yet officially confirmed) | | **Wed 26 Aug** | 🇺🇸 $NVIDIA(NVDA.US) & $Agilent Tech(A.US) earnings 🇨🇳 $Li Auto(LI.US) earnings | | **Thu 27 Aug** | 🌍 Jackson Hole Symposium opens (through Sat 29) 🇺🇸 $Dollar Tree(DLTR.US) earnings | | **Fri 28 Aug** | 🌍 Fed Chair Warsh's first Jackson Hole keynote as chair, 10am ET | | **Watching** | 🇭🇰 Shein's HKEX trading debut, Tue 1 Sept | 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: Aug 24, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [O39.SG](https://longbridge.com/en/quote/O39.SG.md) - [U11.SG](https://longbridge.com/en/quote/U11.SG.md) - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [KUH.SG](https://longbridge.com/en/quote/KUH.SG.md) ## Comments (33) - **NewUser_oPJWOU · 2026-08-24T10:51:05.000Z**: The Tim Cook era is now officially coming to an end as John Ternus prepares to fully take over the reins from next month onwards. I will also be watching closely our SG CPI for July as SG continues to be scrutinised by the Trump administration; first the higher tariffs then afterwards Trump's accusa - **koolgal · 2026-08-24T10:44:37.000Z**: 🌟🌟🌟Buckle up! We have arrived at the most exciting week on the calendar. $NVIDIA(NVDA.US)is stepping up to the podium with its highly anticipated Q2 earnings. In another event, the world's central banking elite are packing their hiking boots for the Jackson Hole Economic Symposium where Fed Chair - **Fattycat · 2026-08-24T08:40:58.000Z**: Hang Seng Tech Index tumbled over 4% intraday, dragged down by Alibaba’s 8.5% plunge, which soured sentiment across the entire sector.Poor Minimax (-10.1%) and Z.AI (-10.8%) also got hit hard, both down double digits today😭 - **TheCollector · 2026-08-24T08:38:35.000Z**: apart from the US Canada fall out, it was relatively quiet over the weekends, and it felt like the lack of substantial news affected the markets today. like to see what sanctions will be imposed on Iran, and how they will be perceived by the markets. - **NewUser_Unm6i · 2026-08-24T08:27:01.000Z**: There are increase shares for S&P 500, NASDAQ Composite Index, Dow Jones Industrial Average, Bitcoin, Strategy, Apple, Straits Times, City Dev, TSH, and DBS. It is good news.Hope those lower shares can increase. - **FreeBuild · 2026-08-24T08:14:54.000Z**: $FTSE Straits Times Index(STI.SG) is doing well currently and more investor and wealth management opportunity coming in. This is a good time to own the investment. - **TheRaccoonAnalysis · 2026-08-24T08:02:59.000Z**: The tariff escalation increases the risk of a broader US-Canada trade conflict, raising costs for businesses and potentially adding inflationary pressure. Canada’s planned retaliation could further disrupt cross-border supply chains and weaken business confidence. The immediate market reaction refle - **Valenxis · 2026-08-24T07:57:55.000Z**: Gold and BTC rallying. Rotating out of stocks? Minor slowdown and correction? If it is, then maybe it is time to buy any small dip. haha - **Tiffany lover · 2026-08-24T07:22:15.000Z**: Bitcoin broke through $75,000 on Friday, marking its best weekly performance in about 2.5 years.Bitcoin and related derivative financial products have experienced a prolonged slump, with hopes for relief in the near term.Diversified investment structures are a relatively healthy strategy. - **FaithAnchor · 2026-08-24T07:22:03.000Z · 👍 1**: Shein’s Hong Kong IPO on September 1 could be the market’s biggest show this year. I’m expecting a strong debut—the hype, brand recognition and retail appetite are hard to ignore. But after the initial pop, valuation and regulation could make this a bumpy ride. - **dingdongbell · 2026-08-24T06:58:05.000Z · 👍 1**: This market is like a yoyo. Up down up down. Just watch where the yoyo wants to go. So far trending up. So let’s hope it stays that way. 😊 - **Heroic Lifesaver · 2026-08-24T06:55:26.000Z**: I have stopped following narratives. If it’s not trade, it’s middle east shenanigan. Non stop wall of worries. Hey wait a minute. Bull markets thrive on that? Is this one? 🤷‍♂️😂 - **Fattycat · 2026-08-24T06:22:21.000Z · 👍 1**: Gold has rallied down and up 500 pips 🫣. Anyone in the ride 🤪. - **Heroic Lifesaver** (2026-08-24T07:24:05.000Z): Another roller coaster. At least its then oldest store of value around. 🤭😂 - **LazyCat · 2026-08-24T05:39:32.000Z · 👍 1**: The Hang Seng Tech expansion from 50 to 50 stocks reduced concentration risk, dropping top 10 weightage. It will boost AI and hardware exposure while capturing fast-scaling mid-caps via revenue grow selection. Crucially, the shift would trigger passive capital inflows, driving stronger market liquid - **LazyCat** (2026-08-24T05:39:55.000Z): ...30 to 50 stocks... - **ST168 · 2026-08-24T05:14:21.000Z · 👍 1**: We must watch out for news and move accordingly. Market is very volatile and sensitive. Trump news is always causing some positive and negative impacts. - **NewUser_ThinkSwim · 2026-08-24T05:04:53.000Z · 👍 1**: This week would be volatile as we wait and act on how both interest rate and tariff impose will act directly on the market in the short term. If you bullish overall slowly dca into the stock and have a system like adding a certain amount of money as the stock drops 10-20% to prevent emotion not pani - **Fattycat** (2026-08-24T05:12:31.000Z): Are you using thinkorswim trading tools? I like your name 😆😉 - **NewUser_CkrdqW · 2026-08-24T05:04:02.000Z · 👍 1**: Bitcoin has been gaining 30% just over the past month as the cryptocurrency strives to recover. Friday's US & Canada feud continues over the failed talks on tariffs as Trump slaps new 50% tariffs on roughly 20 billion worth of Canadian goods. Ofc Ottawa was not going to sit around and take that - **Fattycat** (2026-08-24T05:10:43.000Z): Yes. Swing trades. Must be fast. “Scalp”😆 - **relf · 2026-08-24T03:58:57.000Z · 👍 1**: Question is will investor still care about the tariff negotiations.. After all this whole issue has been around for so long and markets have been able to climb a wall of worries to near all time highs. - **Fattycat** (2026-08-24T04:57:15.000Z): No one cares now. Tariff has been there for quite sometime plus the closure of strait of Hormuz . Everyone more concerned by the interest rate. - **Jaces · 2026-08-24T03:47:51.000Z · 👍 1**: with the new tariffs take effect, only the common people will suffer as cost of living will go up not only in US and Canada. it is a global chain effects as alot of food still comes from Canada - **Pingu · 2026-08-24T03:44:24.000Z · 👍 1**: This week looks set to be a very important one for global markets, with several major catalysts that could create significant volatility across equities, currencies, commodities, and interest rates. The immediate focus is on the US announcement of new economic measures related to Iran, which could a --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**