Stocks opened higher Monday on trade optimism after Canada scrapped its planned digital services tax on U.S. tech firms.
The Dow Jones Industrial Average
climbed more than 200 points, or 0.4%. The S&P 500 and Nasdaq Composite each rose 0.2%; both indexes closed in record territory on Friday.
Canadian Prime Minister Mark Carney will resume trade talks with President Donald Trump after Canada said late Sunday it was rescinding a digital services tax on American tech companies.
The Canadian government said it was rescinding the Digital Services Tax “in anticipation of a mutually beneficial comprehensive trade arrangement with the United States.”
Trump terminated trade discussions with Canada on Friday, citing the digital services tax on American tech companies like Amazon, Meta, Google, and Apple, among others, as the reason.
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