Why Wall Street’s biggest bear is expecting a 14% stock-market pullback before the end of 2025 - MarketWatch

ISTANBUL/OTTAWA -- Prime Minister Mark Carney said he is “disappointed” in ongoing allegations from U. S. Ambassador to Canada Pete Hoekstra, who is accusing Canadian politicians of interfering in the upcoming U. S. midterm elections. “There is no merit to these claims, so I’ll call it out that way,” Carney said while speaking to reporters in Istanbul on Friday. “I’m disappointed that their envoy sees that it’s his role to make these suggestions.”Carney added that Canada is “very careful” to make sure the country “not be seen to” interfere and referenced Canada’s “deep diplomatic presence” in the United States. Earlier this month, Hoekstra warned Canadian leaders to stay out of American politics while speaking to “The Really Big Show” podcast and accused several Canadian politicians, including Industry Minister Mélanie Joly, of meddling in close U. S. midterm races. The U. S. Embassy to Canada, meanwhile, released a fact sheet this week outlining alleged instances of foreign interference in 2025 and 2026, pointing to Joly along with Ontario Premier Doug Ford and Liberal MP Anthony Housefather.

Published: October 23, 2026 at 7:43a.m. EDTAlberta's Premier addressed the province after early results from Monday's referendum showed a majority were in favour of staying in Canada. CALGARY — A union representative for a beef processing plant south of Calgary is warning of worsening labour shortages if immigration policy proposals that narrowly passed in Alberta’s referendum are enacted. “These are tough and high turnover jobs with few candidates lining up to fill them,” said Faduma Ahmed, with the United Food and Commercial Workers Local 401 at Cargill’s abattoir in High River, Alta. With 98 per cent of polls reporting in Monday’s referendum, a slim majority of votes were cast in favour of limiting access to or charging a fee for provincially funded services based on immigration status. Premier Danielle Smith’s government had argued that the cost to provide health care and education to temporary Alberta residents amounts to $1 billion a year and that a surge in newcomers has strained affordability and services. But critics have warned that the referendum’s outcome could make Alberta less attractive to newcomers at a time when jobs desperately need to be filled.

PoliticsPublished: October 23, 2026 at 7:11a.m. EDTISTANBUL — Prime Minister Mark Carney says a Canadian company’s bid to supply nuclear energy to Turkiye has a real shot of winning the lucrative tender. But he says he probably wouldn’t have been singing the same tune a year ago. Carney is meeting with Turkish business leaders in Istanbul today, a day after he announced a new strategic partnership between Canada and Turkiye to deepen co-operation on a range of files. Energy is one of the pillars of that agreement, and he says the AtkinsRéalis bid to supply two planned Turkish power plants with the Candu nuclear reactor now has “good chances” of succeeding. Prime Minister Mark Carney walks to a news conference in Istanbul, Turkey Friday, Oct. 23, 2026. THE CANADIAN PRESS/Adrian Wyld Prime Minister Mark Carney walks to a news conference in Istanbul, Turkiye Friday, Oct. 23, 2026. THE CANADIAN PRESS/Adrian Wyld Carney says there’s a compelling case to be made for the made-in-Canada nuclear technology and prospective partnerships with Turkish construction companies.

Published: October 23, 2026 at 6:27a.m. EDTWorld shares were mixed on Friday while oil prices hovered at their highest levels since May on worries about the war with Iran. Brent crude, the international standard, gained 0.8 per cent to US$114.02 per barrel. U. S. benchmark crude oil added 1.1 per cent to $100.60 per barrel. In early European trading, Germany’s DAX lost 0.4 per cent, while the CAC 40 in Paris shed 0.6 per cent to 7,765.74. Britain’s FTSE 100 declined 0.4 per cent to 10,685.86. Some Asian markets bounced back from early losses. In Asia, Tokyo’s Nikkei 225 lost 0.3 per cent to 62,693.16, while the Kospi in South Korea recovered from an early retreat, gaining 0.3 per cent to close at 5,550.30. Hong Kong’s Hang Seng climbed 0.7 per cent to 23,093.37 and the Shanghai Composite index added 0.9 per cent to 3,690.48. In Australia, the S&P/ASX 200 was nearly unchanged at 8,795.20. On Thursday, the S&P 500 fell 1.2 per cent for its worst day since July, while the Nasdaq composite tumbled 2.6 per cent. Weakness for tech stocks was so overwhelming that it masked strength for the rest of the U. S. market, where the majority of stocks actually rose.

Published: October 23, 2026 at 6:17a.m. EDT$1.25 here, $1.75 there. Sometimes, bank fees can seem minimal enough, but the Financial Consumer Agency of Canada says the bigger picture on how much Canadians pay in bank fees might be more murky than it should be. The agency said in a review, released Friday, that while many bank fees seem relatively small on an individual basis, they can add up over time, and in some cases, the full fee structure is embedded in a transaction, making it less visible to the consumer. “Our banks are very well established and very solid, and they really are focused on their customers ... We would really like them to play an active role in reducing fees and ensuring that consumers are well served by the banking community,” Shereen Benzvy Miller, FCAC commissioner, said in an interview. Bank fees can stem from a variety of activities including everyday transactions, account maintenance, ATM access, non-sufficient funds, overdraft and foreign exchange. The review outlined some ways in which banking fees can be difficult for consumers to see or expect. Firstly, when multiple fees are applied to a single transaction, consumers pay higher costs.

Published: October 23, 2026 at 6:00a.m. EDTQuality is one of the most overused words in investing. But what makes a stock a quality stock? For Keith Buchanan, one clue is the dividend, and whether a company can keep paying it.