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Wall Street Edges Higher as Fed Rate Cut Decision Looms

U.S. stock futures were mixed but leaning higher on Monday as investors braced for a pivotal Federal Reserve policy meeting later this week. The Dow Jones Industrial Average futures rose about 0.2%, S&P 500 futures held near flat, and Nasdaq 100 futures dipped slightly after the tech-heavy index notched a fresh record last week. The rally has been fueled by growing expectations that the Fed will cut interest rates on Wednesday, with traders pricing in a 96% chance of a quarter-point reduction and a slim possibility of a larger 50-basis-point move. A cooling labor market — with unemployment at 4.3% and job growth slowing — has strengthened the case for policy easing. Tech stocks remain in focus, with Nvidia sliding over 2% after China’s antitrust regulator said the chipmaker violated competition laws. The news comes amid high-level U.S.-China trade talks in Madrid, adding a layer of geopolitical uncertainty to market sentiment. Despite the cautious tone, optimism around artifici...
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Canadian Job Market Shows Resilience: 41,000 New Jobs Added Despite Unemployment Rate Uptick


In a recent report by Statistics Canada, the Canadian job market demonstrated resilience in February. Despite the challenges posed by population growth, employers added 41,000 net new jobs during the month. These gains were primarily driven by an increase in full-time positions.

However, the unemployment rate also saw a slight uptick, rising to 5.8 per cent. This development highlights the delicate balance between job creation and population expansion. As the country continues to grow, policymakers and economists closely monitor these trends.

The services sector played a significant role in employment gains, reflecting a diverse range of industries. The Bank of Canada remains vigilant, observing labor market dynamics and wage growth as it assesses the need for any adjustments to its benchmark interest rate.

While the Canadian economy faces headwinds, the job market’s ability to generate new employment opportunities is a positive sign. As we navigate the complexities of a changing workforce, staying informed about these trends is crucial for individuals and policymakers alike.


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