U.S. President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries, CNN reported on Wednesday,

Stocks logged small gains Wednesday on two major indexes, despite uninspiring economic reports and some ominous words from the president-elect. The S&P 500 finished the day up 0.2%. The Dow Jones Industrial Average closed up 0.

Canada's main index fell on Wednesday, with investors taking stock of a report that said U.S. President-elect Donald Trump was considering declaring a national economic emergency to allow for new tariffs.