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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Liberal Leadership Race Heats Up as High-Profile Candidates Emerge

 

As the race to elect a new Liberal leader quickly approaches, the field of hopefuls is narrowing. Former Bank of Canada governor Mark Carney is expected to launch his bid to replace Prime Minister Justin Trudeau after signaling plans through his campaign team. Former B.C. premier Christy Clark is also debating whether to put her name forward, expressing her serious consideration despite disappointment with the short timeline for the race.

Several high-profile cabinet ministers have announced they will not run, including Labour Minister Steven MacKinnon and Transport and Internal Trade Minister Anita Anand, who each bowed out over the weekend. They join Finance Minister Dominic Leblanc and Foreign Affairs Minister Melanie Joly, who have decided to focus on their portfolios instead.

Hopefuls have until January 23 to declare their candidacy, with the new leader set to be announced on March 9. So far, former Montreal MP Frank Baylis and Nepean, Ont., MP Chandra Arya are the only ones to publicly state their intention to run.

The race is shaping up to be a pivotal moment for the Liberal Party as it seeks new leadership and direction for the future.

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