Canada Slaps Retaliatory Tariffs on US Goods as Bitcoin Rally Falters

Canada has announced a retaliatory tariff package targeting U.S. goods worth about $20 billion, according to Dow Jones Top Markets Headlines at 3 PM ET. The new duties range from 15% to 50% on various products, including metals, fish, foods, and motorcycles.

The move is in response to the ongoing trade tensions between the two countries. Bitcoin's recent rally has stalled after reaching a three-month high above $80,000, with no new positive catalysts driving the market forward.

In other news, U.S. stocks are advancing, led by tech stocks, while Treasury Secretary Scott Bessent faces criticism from investor Stanley Druckenmiller over his recent maneuvers in the bond market.