Skip to main content

Featured

Canada's GDP Report Is Out Today — Here's What It Means for Your Wallet

Canada GDP Report June 2026 — MoneySavings.ca This morning, Statistics Canada releases its GDP by industry data for April 2026 — along with a flash estimate for May. The timing couldn't be more significant: Canada has technically entered a recession, and the Bank of Canada's next rate decision is just two weeks away on July 15 . Here's what today's report means for your mortgage, your job, and your savings — in plain English. What Is GDP and Why Does Today's Number Matter? GDP — Gross Domestic Product — is the broadest scorecard for how well Canada's economy is performing. It measures the total value of everything the country produces: goods, services, output across every industry. When GDP grows, businesses expand, hiring picks up, and incomes tend to rise. When it shrinks, the opposite happens. Today's release covers April 2026 data, plus Statistics Canada's advance estimate for May. The number that comes out this morning will either confirm that Cana...
Post a Comment
Read more

article

Labels

US Futures Recover as Tech Sector Leads the Way

 

US stock futures are pointing to a rebound from recent losses, with investors looking to fresh quarterly earnings for inspiration amid dwindling hopes for an early 2024 interest rate cut. S&P 500 futures added around 0.4%, while those on the tech-heavy Nasdaq 100 jumped 0.7%. Dow Jones Industrial Average futures hugged the flatline. 

Techs are in the vanguard after a bullish AI-fueled revenue outlook from TSMC, a key supplier to Apple and Nvidia. The Taiwanese contract chipmaker’s profit fell but beat Wall Street estimates. Shares of AMD and other chipmakers stepped higher in premarket as TSMC put on almost 7%. 

Stocks are still struggling to get off the ground this year as central bankers’ comments and mixed economic data put investors’ faith in a Federal Reserve pivot to the test. The odds of a rate cut in March as seen by traders have dropped 10 percentage points from a week ago, per the CME FedWatch Tool (Chicago Mercantile Exchange Group).

Investors are on the lookout for fresh data to feed their expectations, so Thursday’s release of readings on weekly jobless claims will be in focus. Housing starts and building permits for December are also on the docket. Eyes will also be on Atlanta Fed President Raphael Bostic, scheduled to appear twice today and closely watched for any deviation from his colleagues’ pushback on rate-cut bets.


Labels:

Comments

Post a Comment