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Wall Street Slips as Investors Eye Jobs Data and Venezuela Oil Deal

U.S. stocks edged lower on Wednesday as investors paused to assess fresh labor‑market signals and the political implications of a new U.S.–Venezuela oil agreement. The Dow, S&P 500, and Nasdaq all dipped slightly in early trading, easing back from recent highs. The pullback comes as traders await upcoming jobs data that could influence expectations for the Federal Reserve’s next moves. Signs of a cooling labor market have raised questions about how quickly policymakers may adjust interest rates in the months ahead. Market attention also turned to President Trump’s newly announced oil deal with Venezuela, which includes a plan for the U.S. to receive tens of millions of barrels of crude under a tightly controlled arrangement. The agreement has added a fresh geopolitical layer to energy markets, contributing to a modest decline in oil prices as traders evaluate how the additional supply might affect global dynamics. Despite the softer tone, equities remain near record levels, sup...
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Canada's Economy Shows Modest Growth in Q3 2024



Canada's economy grew at an annualized rate of 1% in the third quarter of 2024, according to Statistics Canada. The growth was driven by increased consumer spending, particularly on new vehicles, and higher government expenditures.

Despite the positive growth, the figure fell short of the Bank of Canada's forecast of 1.5% annualized growth for the quarter. The slower business investment and lower exports also contributed to the modest growth rate. Additionally, real GDP per capita declined by 0.4%, marking the sixth consecutive quarter of per-capita GDP decline.

Economists are closely watching these trends as the country navigates through economic challenges and uncertainties. The government remains optimistic about the economy's resilience and is expected to introduce measures to stimulate further growth.




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