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Canada’s Economy Has Now Stalled Twice. Is Your Emergency Fund Ready?

  Canada’s Economy Has Now Stalled Twice. Is Your Emergency Fund Ready? Canada's economy is losing momentum, and it is a good time to ask yourself an important question: If your income disappeared tomorrow, how long could you cover your bills without borrowing money? Statistics Canada's latest GDP report, released October 30, showed that Canada's economy recorded virtually no growth in August for the second consecutive month. An early estimate suggests economic activity contracted by 0.1% in September. Preliminary figures indicate that the economy grew by just 0.3% during the third quarter, although the official numbers have yet to be released. The slowdown follows a period of economic uncertainty, elevated household expenses and pressure on borrowers. While these figures do not confirm that Canada is entering a recession, they highlight why households should prepare for unexpected financial setbacks. The good news? You do not need a large income to start building a financi...
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Stock Market Today: Chip Stocks Surge as Nvidia Leads the Way

U.S. stock futures surged on Monday as chip stocks shone, with Nvidia leading the charge. Contracts on the Nasdaq 100 jumped almost 1%, while S&P 500 futures rose roughly 0.7%, poised to build on Friday's tech-led rally. Dow Jones Industrial Average futures also saw a modest rise of 0.3%.

The upbeat mood kicked off the first full-on week of 2025 for traders, highlighted by the release of the December nonfarm-payrolls report scheduled for Friday. Chip stocks rallied after a record revenue and strong sales forecast from Nvidia's server partner Foxconn, boosting optimism for AI-fueled growth. Nvidia shares rose 2% in pre-market trading, while peers AMD and Micron Technology each gained over 3%.

Focus remains on Nvidia later Monday when CEO Jensen Huang gives the keynote speech to start the CES tech conference. Investors will be listening for signs that Nvidia's new Blackwell chip has overcome supply glitches.



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