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Futures Slip Again as Markets Brace for More Volatility After Davos

  U.S. stock futures edged lower early Wednesday, extending the unease that followed a sharp sell‑off in the previous session. Dow futures dipped, S&P 500 futures softened, and Nasdaq futures also slipped as investors continued to process the market’s sudden shift in sentiment. The downturn comes on the heels of President Donald Trump’s appearance at the World Economic Forum in Davos. His remarks, delivered against a backdrop of global uncertainty, did little to calm investors already rattled by geopolitical tensions and renewed concerns about the economic outlook. Tuesday’s sell‑off marked one of the most turbulent trading days in recent months, driven by a flight to safety and heightened anxiety across global markets. With futures pointing lower again, traders appear to be bracing for another cautious session as they look for signs of stability.
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Canadian Seniors to Receive Increased Old Age Benefits

 

Canadian seniors are set to receive a boost in their Old Age Security (OAS) benefits starting this July. The increase, which is part of a scheduled adjustment to account for inflation, will see benefits rise by 2.8% compared to the previous year.

For seniors aged 65 to 74, the maximum monthly OAS payment will now be up to $718.33. Those aged 75 and older will receive a maximum monthly payment of $790.16. These adjustments are crucial as retirement becomes increasingly unaffordable for many Canadians.

In addition to the OAS pension, eligible seniors and their partners may also qualify for extra benefits such as the Guaranteed Income Supplement (GIS), Allowance, and the Allowance for the Survivor. For single, widowed, or divorced Canadians aged 65 or older with an annual net income of less than $21,768, the maximum GIS payment per month is set at $1,072.93.

These increases aim to provide better financial support to seniors, ensuring they can maintain a decent standard of living during their retirement years.


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