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Wall Street Futures Rise Ahead of Thanksgiving Holiday

  US stock futures edged higher on Wednesday as investors looked to extend the market’s recent rally into the Thanksgiving holiday. Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures rose 0.2%, and Nasdaq 100 futures climbed 0.3% . The move follows a strong session on Tuesday, when the Dow surged more than 660 points (1.4%) , marking its third consecutive day of gains. Tech stocks continued to drive momentum, with Alphabet closing at record highs after reports that Meta may adopt Google’s TPU chips in the coming years. Meanwhile, Nvidia shares slipped over 2.5% as competition in the AI chip space intensified. Investors are also keeping a close eye on the Federal Reserve. Markets are currently pricing in an 85% probability of a quarter-point rate cut in December , which has helped bolster optimism. Lower Treasury yields and easing inflation pressures have further supported the bullish sentiment. Through the first two trading days of this holiday-shortened we...
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Finance Minister Chrystia Freeland Resigns Amid Budget Deficit Blowout

 

In a shocking turn of events, Finance Minister Chrystia Freeland announced her resignation from Prime Minister Justin Trudeau's cabinet on Monday. The announcement came just hours before the release of the government's fall economic statement, which revealed a staggering budget deficit of C$61.9 billion, overshooting the target by C$20 billion.

Freeland cited disagreements with Trudeau over the government's economic policies as the primary reason for her departure. She expressed concerns about the "costly political gimmicks" and urged the Prime Minister to collaborate more closely with the country's premiers to address economic challenges.

The fall economic statement, tabled by Government House Leader Karina Gould in Freeland's absence, included over C$20 billion in new spending and highlighted the growing fiscal deficit. The government also pledged C$1.3 billion for border security measures in response to threats of steep tariffs from U.S. President-elect Donald Trump.

Freeland's resignation has thrown the government into disarray, raising questions about the future direction of Canada's economic policies and the potential impact on the upcoming general elections.



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