Happy Monday.

Three headlines from the weekend. (A summary of all of last week’s big stories is the in audio summary below.)

🇨🇦 Carney Elected as Canadian Prime Minister

Former central banker Mark Carney won the Liberal Party leadership race with 85.9% of the vote and will become Canada's prime minister within days amid escalating trade tensions with the United States. The incoming leader faces immediate challenges from Trump's chaotic tariff policies, including imminent 25% levies on steel and aluminum imports and threats against Canadian lumber and dairy products. Carney, who positioned himself as an experienced crisis manager, pledged to find new export markets and scrap planned capital gains tax increases while warning "no way" to Trump's suggestion of making Canada "the 51st state." More - Bloomberg

🇸🇩 Israel Cuts Gaza Power

Israel has ordered the complete shutdown of electricity supply to Gaza, primarily affecting critical desalination plants that provide clean drinking water to the territory's 2+ million residents. Energy Minister Eli Cohen's announcement follows Israel's week-old blockade of all humanitarian aid, escalating pressure on Hamas amid stalled ceasefire negotiations. The militant group insists on proceeding to the ceasefire's second phase for a permanent end to hostilities, while Israel demands an extension of the first phase that expired March 1st. The UN has warned that denying civilians necessities "may amount to collective punishment." More - BBC

🇨🇩 Rebels Gain Ground in DRC

Rwanda-backed M23 rebels have advanced toward the strategic mining town of Walikale after capturing North and South Kivu's provincial capitals in recent weeks. Government forces suffered a major setback as the longstanding Group Kabido militia defected to join M23 rebels against what they call "mismanagement of the Kinshasa government." The DRC has offered a $5 million reward for the capture of three rebel leaders, including M23's president and military chief, all previously sentenced to death in absentia. UN officials report escalating attacks on hospitals and civilian infrastructure, with over 7,000 killed since January and hundreds of thousands newly displaced. More - Al Jazeera

Here the audio summary of last week’s stories.

Reminder: this audio is an AI-summary of last week’s reports. AI can make mistakes — particularly in the subtleties of International relations — so please review any situation carefully before you make major decisions.

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Key Metrics

WTI is $68.63 (Down)

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Wheat is $190.63 (Up)

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EuroDollar is $1.08 (Unchanged)

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Graphs are illustrative to show comparative price over last 180 days

Metrics via AlphaVantage updated Mar 09 2025 21:15 UTC

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