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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.
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Hogue Inquiry Reveals 'Problematic' Conduct Among Parliamentarians

 

The Hogue inquiry has concluded that while some parliamentarians exhibited "problematic" conduct, none were found to have committed treason. The inquiry, led by Commissioner Marie-Josée Hogue, was established to investigate allegations of foreign interference in Canadian elections. The final report, released today, provides recommendations on how federal agencies can better protect against such meddling.

The inquiry's findings come amid a federal Liberal leadership race and the possibility of a national election in the near future. The report highlights the need for improved information sharing among federal agencies and better protection for vulnerable communities from transnational repression.

In an interim report issued last May, Hogue stated that interference by foreign entities did not affect the overall results of the last two general elections. However, the final report acknowledges that some parliamentarians were "semi-witting or witting" participants in foreign interference efforts.

The inquiry's recommendations aim to bolster election integrity and ensure that Canadian democratic processes remain robust and secure. Commissioner Hogue emphasized the importance of transparency and accountability in addressing these issues, while also noting that some information cannot be disclosed publicly due to national security concerns.

The release of the Hogue inquiry's final report marks a significant step in addressing foreign interference in Canadian politics and safeguarding the nation's democratic institutions.


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