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Wall Street Pauses as Fed Meeting Looms: Futures Hold Steady

U.S. stock futures were little changed on Tuesday as investors awaited the start of the Federal Reserve’s final policy meeting of the year. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all hovered near flat, reflecting a cautious mood across Wall Street. The Fed is widely expected to keep interest rates unchanged, but traders are focused on Chair Jerome Powell’s comments and the central bank’s updated economic projections. Markets are looking for clues on when rate cuts might begin in 2024, with inflation cooling but still above the Fed’s long-term target. Recent gains in equities have been fueled by optimism that the Fed’s tightening cycle is over, yet uncertainty remains about how quickly monetary policy will shift toward easing. Until then, investors appear content to hold their positions, waiting for clearer signals from the Fed before making bold moves.
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Canada Ends Work Permit Applications for Visitors

 

Effective August 28, 2024, visitors to Canada can no longer apply for work permits from within the country. This abrupt policy change by Immigration, Refugees and Citizenship Canada (IRCC) aims to manage the number of temporary residents and maintain the integrity of the immigration system.

The policy, initially set to expire on February 28, 2025, was terminated ahead of schedule due to concerns about abuse and the need to streamline the immigration process. Visitors who had previously been able to apply for work permits without leaving Canada must now explore alternative routes to work legally in the country.

This change underscores the government’s commitment to tightening immigration rules and addressing issues related to temporary foreign workers.


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