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Speaker 1: Welcome to the Fearing Greed Business News Afternoon Report for Friday,

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Speaker 1: the twenty eighth of March twenty twenty five. I'm Sean Almer.

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Speaker 1: Every afternoon, we've got the five stories that happened today

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Speaker 1: that you need to know about. Strow Number one. Australians

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Speaker 1: will go to the polls on May three, after Prime

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Speaker 1: Minister Anthony Albernizi visited the Governor General Sam Moston this

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Speaker 1: morning and asked her to dissolve the current parliament. It's

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Speaker 1: a thirty six day election campaign with the cost of

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Speaker 1: living crisis front and center. Taxes, petrol and energy prices

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Speaker 1: and healthcare are set to dominate the campaign, at least

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Speaker 1: in a policy sense. US President Donald Trump is already

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Speaker 1: playing a bit role in the election, with Prime Minister

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Speaker 1: Anthony Albernizi suggesting Opposition leader Peter Dunn was like mister Trump,

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Speaker 1: something Peter Dunn tried to avoid all day. Strow number two.

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Speaker 1: The S and PA six two hundred finished up just

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Speaker 1: to touch today at seven nine hundred and eighty two points.

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Speaker 1: The Prime Minister's election announcement pushed the market lower initially

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Speaker 1: before it recovered moved into positive territory and then kind

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Speaker 1: of ended up not really far away from where it started.

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Speaker 1: Gold stocks did well. More on that surely, consumer staples

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Speaker 1: did well. Wilworths and Coals both jumped more than one percent.

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Speaker 1: Techtocks with the underperformers among the large caps. The banks

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Speaker 1: were mixed. The big miners were higher. Tolstra and QB

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Speaker 1: were both up around two percent, while Goodwin Group finished

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Speaker 1: down two percent. STRO Numer three gold miners with the

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Speaker 1: strongest performers today after spot gold hit a new record

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Speaker 1: high of just under three thousand and sixty five US dollars,

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Speaker 1: an Ounce Romilius Resources, West African Resources, to Gray Mining,

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Speaker 1: Regis Resources, Northern Star, Evolution Mining. They all performed very

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Speaker 1: well today. The price of gold is being supported by

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Speaker 1: the uncertainty around US tariff and economic policies. The ASX

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Speaker 1: is All Ordinary Gold sub index is up thirty two

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Speaker 1: percent this year. STRO number four. The potential entry of

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Speaker 1: Canadian based at dollar Rama into the local market via

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Speaker 1: it's knockout two hundred and fifty nine million dollar bid

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Speaker 1: for the reject shop will be a competitive threat to

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Speaker 1: others operators such as Woollies and Wes Farmers. That's the

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Speaker 1: view of analyst at Jarden who says dollar Rama has

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Speaker 1: some of the highest profit margins among global listed discount chains.

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Speaker 1: Jarden reconds it could bring a successful model to the

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Speaker 1: reject shop, thus affecting the local outlook. Think Big w Kmart,

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Speaker 1: Target and Office Works and Story number five. Canadian Prime

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Speaker 1: Minister Mark Carney says that his country's old relationship with

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Speaker 1: the United States is over and vows there'll be broad

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Speaker 1: renegotiations of the trade agreement between the two countries. Carne

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Speaker 1: said the tariffs imposed by US President Donald Trump will

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Speaker 1: force Canada to rethink and reshape its economy and seek

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Speaker 1: reliable trading partners. Cantee's comments appear to call them to

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Speaker 1: question the future of the US MCA, which is the

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Speaker 1: negotiated deal between US, Canada and Mexico. It was done

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Speaker 1: during the previous Trump administration. It has been hailed as

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Speaker 1: one of the world's most important trade deals, according to

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Speaker 1: The Financial Times. Carne says Canada will fight American tariffs

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Speaker 1: with retaliatory trade actions of its own that will have

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Speaker 1: maximum impact in the US and minimum impact in Canada.

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Speaker 1: That's it for the Afternoon Report for Friday, the twenty

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Speaker 1: eighth of March twenty twenty five. Make sure you follow

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Speaker 1: on the podcast. We will be back tomorrow morning with

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Speaker 1: a weekend edition of the Fast five Business news by

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Speaker 1: Fear and Greed. I'm sure i Elma enjoy your evening