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Wall Street Futures Climb as Alphabet Wins Key Antitrust Ruling; Jobs Data in Focus

  U.S. stock futures rose on Wednesday, led by gains in tech heavyweights after a favorable court ruling for Alphabet. The S&P 500 and Nasdaq futures advanced, while Dow futures were little changed ahead of closely watched labor market data. Alphabet shares jumped over 5% in premarket trading after a Washington judge ruled the company will not be forced to sell its Chrome browser but must share certain data with rivals. The decision also allows Google to continue lucrative payments to Apple, sending the iPhone maker’s stock higher. Analysts said the ruling removes a major legal overhang for Big Tech and signals a preference for pragmatic remedies over structural breakups. Investors are now turning their attention to the Job Openings and Labor Turnover Survey (JOLTS) report, due later in the morning, as part of a week packed with employment data culminating in Friday’s nonfarm payrolls. Weakness in recent jobs reports has fueled expectations of a September interest rate cut, ...
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Effects on the Economy: Impact of Rising Interest Rates in Canada


Rising interest rates in Canada can have a significant impact on various aspects of the economy. Firstly, higher interest rates can lead to increased borrowing costs for businesses and individuals, making it more expensive to invest or make large purchases such as homes or vehicles. This can potentially slow down economic activity and reduce consumer spending, which is a key driver of growth.


 Additionally, rising interest rates can strengthen the Canadian dollar relative to other currencies, which can negatively affect export-oriented industries by making their products more expensive in foreign markets. Moreover, higher interest rates can attract foreign investors seeking higher returns on their investments, potentially leading to an inflow of foreign capital but also potentially making Canadian exports less competitive. Overall, while rising interest rates can help curb inflation and maintain the stability of the economy in the long run, their short-term impact may include slower economic growth, reduced consumer spending, and potential challenges for export-oriented sectors in Canada.






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