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Honoring Sacrifice: Canada Observes Remembrance Day

Gen. Jennie Carignan, Chief of the Defence Staff, places a wreath during the Remembrance Day ceremony at the National War Memorial in Ottawa, on Monday, Nov. 11, 2024.  Across Canada, solemn ceremonies marked Remembrance Day as veterans, dignitaries, and citizens gathered to pay tribute to those who served and sacrificed in times of war and peace. From Ottawa’s National War Memorial to local cenotaphs in towns and cities, the nation paused at the eleventh hour to observe two minutes of silence. Wreaths were laid, prayers offered, and the haunting notes of the “Last Post” echoed across memorial sites. Veterans stood proudly alongside younger generations, symbolizing the enduring legacy of service and remembrance. Political leaders and community representatives emphasized the importance of honoring the fallen while supporting those who continue to serve today. The ceremonies served not only as a reflection on Canada’s military history but also as a reminder of the values of freedo...
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 US stock futures took a sharp dive today as hopes for interest rate cuts in 2025 were dashed. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all saw significant declines amid rising bond yields and a stronger dollar.

The Dow Jones Industrial Average fell by 0.3%, while S&P 500 futures sank by 0.8%, and Nasdaq 100 futures tumbled by 1.2%. This drop follows a strong jobs report from December, which has led investors to believe that the Federal Reserve will maintain higher interest rates for a longer period.

The 10-year Treasury yield reached a 14-month high, touching close to 4.8%, while the 30-year yield neared 5%. Additionally, the US dollar surged to a two-year high against major currency peers.

Investors are now pricing in no rate cuts until at least September 2025, with only a slight 30 basis point reduction expected for the entire year. This has put a spotlight on the upcoming Consumer Price Index (CPI) report, due on Wednesday, as concerns grow that inflation may not cool to the central bank's 2% target.

Tech giants like Nvidia and Tesla were among the hardest hit, with both companies seeing their stock prices slide amid the market turmoil. The rise in energy prices, following new US sanctions on Russia's crude industry, has also added to the market's woes.

As the market continues to react to these developments, investors are bracing for a potentially rough session ahead.




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