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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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Third Time's the Charm? Canadian Government Faces Another Tory Non-Confidence Vote

 

In Ottawa today, the Liberal government is bracing for its third Conservative non-confidence vote. Despite the tension, the government is expected to survive, thanks to the support of the New Democratic Party (NDP).

The motion, which quotes NDP Leader Jagmeet Singh's criticisms of the Liberals, calls for the House to agree with Singh and vote to bring down the government. However, Singh has already stated he will not support the Conservatives, making the motion's failure likely.

In addition to the non-confidence vote, the House will also vote on an NDP motion to expand the GST break and the $250 "working Canadians rebate" to fully retired seniors and people relying on disability benefits. These votes come as the House faces a deadline to approve billions of dollars in government spending, including $21.6 billion for housing, dental care, and the national school food program.

The House has been gridlocked since late September due to a Conservative filibuster over a privilege motion related to the Liberals' refusal to provide unredacted documents about a now-defunct green technology fund. This gridlock was temporarily paused by House Speaker Greg Fergus to allow for the spending debate and opposition motions.

As the political drama unfolds, Canadians are watching closely to see if the government can navigate these turbulent waters and continue to function effectively.




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