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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Canada’s Inflation Rate Eases to 2.8% in February

Canada’s annual inflation rate unexpectedly fell to 2.8% last month, marking a deceleration from the 2.9% increase recorded in January. The February consumer price index report, released by Statistics Canada, revealed several contributing factors to this slowdown.

  1. Grocery Prices: The easing of grocery prices played a significant role in the overall deceleration. Consumers experienced slower growth in food costs during February.

  2. Cellular and Internet Services: Sharp declines in cellular and internet services also contributed to the moderation in inflation. These essential services saw reduced price growth during the month.

While the easing inflation rate provides some relief, it remains essential to monitor economic indicators closely. The Bank of Canada continues to balance its monetary policy, considering both inflationary pressures and economic recovery.

As we navigate these fluctuations, Canadians can expect further updates on inflation trends. The unexpected dip to 2.8% in February underscores the need for vigilance in managing economic stability.


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