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Vancouver Budget Balances Books Without Tax Hike

Vancouver city council approved a 2026 budget, which includes a freeze on municipal property taxes. Vancouver City Council has approved a new budget that pledges no increase in property taxes, a move welcomed by many residents facing rising living costs. However, the financial plan comes with significant trade-offs: millions of dollars will be cut from arts programs, park services, and other community initiatives. City officials argue the budget reflects a commitment to fiscal responsibility while easing pressure on households. Critics, however, warn that reductions in cultural and recreational funding could erode the city’s vibrancy and limit access to public spaces. The decision highlights the ongoing challenge of balancing affordability with investment in community life. As Vancouver grows, the debate over how to fund essential services without raising taxes is likely to intensify.
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Stock Market Today: Record Highs as Fed Signals Delay in Rate Cuts



Investors rejoiced today as Wall Street surged to new heights, building upon a record-setting rally. The Federal Reserve’s recent signals of delaying but not slowing down rate cuts fueled the market’s optimism.

Key Highlights:

  1. Fed’s Decision: The Federal Reserve announced its decision to keep interest rates steady, but with a twist. It expects to cut rates three times this year, providing a boost to investor confidence.

  2. Reddit’s IPO: Social media giant Reddit (RDDT) made its public debut on the New York Stock Exchange (NYSE) today. Priced at $34 per share, the company is now valued at nearly $6.5 billion.

  3. Market Rally: All three major indices – the Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 (GSPC) – closed at new highs. The S&P 500 surpassed the 5,200 level, while the tech-heavy Nasdaq Composite moved up 0.9%.

  4. Inflation Concerns: Despite sticky inflation data, the Fed maintained its outlook for three rate cuts in 2024. Policymakers remain committed to their easing strategy.

  5. Gold Soars: Gold prices (GC=F) jumped to a record above $2,200 an ounce, reflecting investors’ confidence in the Fed’s approach.

  6. AI Growth and Beyond: While AI growth continues to boost tech stocks, other market drivers are likely to come into focus in the coming weeks.

  7. Swiss National Bank’s Move: The Swiss National Bank surprised markets by lowering interest rates, signaling confidence that tightening has peaked in leading economies.

With the next Fed policy meeting scheduled for May, investors will closely monitor economic indicators and corporate developments. As Reddit joins the NYSE, and Micron (MU) shares surge, the market remains dynamic and full of opportunities.

Stay tuned for more updates as the stock market continues its upward trajectory.


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