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Wall Street Pauses as Tech Weakness Weighs on Futures

  U.S. stock futures were mixed as investors navigated lingering volatility following a sharp pullback in major technology names. Dow Jones futures showed a slight uptick, while S&P 500 futures hovered near flat. Nasdaq futures, however, continued to drift lower, reflecting ongoing pressure in the tech sector. The recent downturn in high‑growth technology stocks has prompted a broader shift in market sentiment, with traders rotating toward more defensive positions. Concerns about the sustainability of tech valuations and the impact of AI‑driven competition have added to the cautious mood. Attention now turns to Alphabet’s upcoming earnings report, which is expected to play a pivotal role in shaping the market’s next move. With investors eager for clarity on the company’s AI strategy and advertising performance, the results could either steady the tech landscape or deepen the current uncertainty.
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Ontario Caps Daycare Fees at $22 for Children Under 6

 


In a significant move to make child care more affordable, the Ontario government has announced that starting in January 2025, parent fees for children under the age of six in Canada-wide Early Learning and Child Care (CWELCC) programs will be capped at $22 per day. This fee reduction is expected to result in additional savings of nearly $300 million in 2025 for families.

The new funding model also introduces a cost-based approach for operators in the CWELCC program, prioritizing stability and predictability. Families facing the highest fees, particularly those with young children in less affordable communities, will see the largest fee reductions.

This initiative aims to provide more stability and predictability to child-care centers, ultimately helping reduce lengthy wait-lists and supporting parents as they enter the workforce with peace of mind.

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