Global Markets Rally as Canada Scraps Digital Tax

Global markets have reached record highs following Canada's decision to scrap its digital services tax on U.S. technology companies, a move that has revived trade talks between U.S. President Donald Trump and Canadian Prime Minister Mark Carney. Major U.S. indices such as the S&P 500 and Nasdaq hit all-time peaks, while technology giants including Meta, Alphabet, Amazon, and Apple posted share price gains. Asian tech stocks, notably Dongguan Aohai Technology, are also performing strongly and attracting investor interest. The upbeat sentiment is attributed to both the easing of trade tensions and a broader reduction in geopolitical risks. Despite optimism, analysts caution that investors should remain vigilant against market complacency. Trade negotiations are expected to continue with the goal of reaching a deal by July 21, 2025.