Premarket: World shares hover near record highs as U.S.-Canada trade talks revived

News Snapshot:

World shares held just below recent record highs on Monday as the revival of U.S./Canada trade talks helped risk sentiment, while the U.S. dollar dipped on the prospect of this week’s U.S. jobs data ushering in an earlier Fed rate cut. Canada on Sunday said it had rescinded its digital services tax in a bid to advance trade negotiations, bowing to pressure from U.S. President Donald Trump. The talks are aimed at getting a deal done by July 21, extending Mr. Trump’s original July 9 deadline for his “reciprocal” tariffs. Officials have suggested most deals could now be done by...