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Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
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Latest Bank of Canada rate hike is starting to impact people's finances

 

Rising Borrowing Costs Pose Challenges for Homeowners

As the Latest Bank of Canada Rate Hike Takes Effect, homeowners across the nation are feeling the pinch as borrowing costs rise. The central bank's decision to raise interest rates, aimed at curbing inflation, has started to impact people's finances, particularly those with variable-rate mortgages. With each rate increase, mortgage holders are witnessing an uptick in their monthly payments, putting additional strain on household budgets. As the housing market braces for a potential slowdown, potential homebuyers are facing increased difficulty in qualifying for mortgages due to the higher affordability threshold. Moreover, existing homeowners are grappling with the prospect of rising debt burdens, creating a precarious financial situation for many Canadian families.


Savings Struggles Amidst Soaring Interest Rates

The effects of the Latest Bank of Canada Rate Hike are rippling beyond homeowners, as savers and investors face their own set of challenges. With interest rates on the rise, traditional savings accounts are yielding lower returns, making it harder for individuals to grow their savings. Many Canadians, particularly retirees relying on fixed-income investments, are finding it difficult to maintain their standard of living in the face of inflation and rising living costs. Additionally, the rate hike is impacting consumer spending, as people may become more cautious with their finances in the uncertainty of the changing economic landscape. As the financial strain extends to multiple aspects of people's lives, Canadians are adapting their spending and investment strategies to navigate the evolving financial landscape brought about by the rate increase.

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