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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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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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