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Wall Street Futures Ease as Strong GDP Growth Tempers Fed Cut Hopes

US stock futures dipped Tuesday morning as stronger-than-expected GDP growth raised doubts about near-term Federal Reserve rate cuts, sending the Dow, S&P 500, and Nasdaq futures slightly lower. Market Overview Dow Jones, S&P 500, and Nasdaq futures all slipped about 0.2% in premarket trading. The decline comes after three consecutive winning sessions for US equities, highlighting investor caution despite recent momentum. Gold and silver continued their rally, with both metals on pace for their best year in over four decades. Economic Data Impact The third-quarter GDP report showed the US economy grew at a 4.3% annualized rate, well above the 3.3% forecast. Strong consumer spending drove the surprise, but analysts warn that the government shutdown likely slowed growth in the fourth quarter. The data suggests economic resilience, but also reduces the likelihood of immediate Fed rate cuts, which had been priced in by markets. Investor Sentiment Traders are recalib...
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Canadians Advised to Leave Lebanon Amid Rising Tensions and Flight Cancellations

 

The Canadian government has issued an urgent advisory for its citizens in Lebanon to return home immediately, as escalating tensions in the region have led to the cancellation of several flights.

Lara Salameh, a Laval, Quebec resident, was scheduled to fly back to Montreal from Beirut with her family, but their flight was cancelled the night before departure. Air France informed her that services out of Beirut were suspended due to the unstable security situation.

Foreign Affairs Minister Mélanie Joly emphasized the urgency of the situation, stating, "If you are in Lebanon, come back home. If tensions escalate, the situation on the ground may not allow us to help you, and you won’t be able to leave". The Canadian government has been preparing for a potential evacuation since October, deploying military personnel to Lebanon and Cyprus.

The conflict between Israel and Hezbollah has intensified, with Hezbollah’s leader declaring a “new phase” in the conflict following the death of a commander in an Israeli airstrike. This has heightened fears of a broader conflict, prompting the Canadian government to advise its citizens to leave Lebanon while commercial flights are still available.

Despite the warnings, not all Canadians in Lebanon are planning to leave. Some, like Stephani Moukhaiber, who returned to Lebanon from Montreal last year, intend to stay despite the rising tensions.

As the situation remains volatile, Canadians in Lebanon are urged to monitor travel advisories and make arrangements to return home as soon as possible.


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