The Trump administration plans to impose a 35% tariff on Canadian goods, causing stock market fluctuations and concerns about the broader North American economy. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, potentially heading for their first weekly loss in three weeks. Remitly’s shares dropped 22.5% this year, trading 36% below its 52-week high. Investors who bought $1,000 worth of Remitly’s shares at the IPO in September 2021 would now have an investment worth $358.31. Generative AI is expected to impact large corporations, with semiconductor stocks like Nvidia and AMD trading close to all-time highs.

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