
OTTAWA — December 18, 2025 — Canada is days away from a major tightening of its steel trade policy that will reshape supply chains for manufacturers, builders and clean‑energy developers. On December 26, 2025, the federal government will simultaneously cut steel import tariff‑rate quotas and impose a new 25% tariff on a wide list of “steel derivative” products—items made with steel ranging from fasteners and wire to prefabricated structures and wind turbine towers. Prime Minister of Canada+2Canada+2
Today’s highest-ranked model selections.
The catalysts most likely to move markets.
This is the clearest scheduled U.S.-market price-discovery point today and can transmit weekend news into equity-index futures before Monday's cash session.
The Q2 retail package can move NZD and regional risk sentiment. Spillover to U.S. assets is usually secondary unless the result is unusually large.
The absence of U.S. releases, earnings, IPO pricings and split events leaves fewer scheduled catalysts, increasing the relative importance of weekend headlines and positioning at the futures reopen.