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Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
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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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