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Market Cools as Nvidia’s Blowout Earnings Fail to Ignite Futures

  U.S. stock futures were mixed Thursday morning as investors digested Nvidia’s latest blockbuster earnings—results that impressed on paper but didn’t translate into broad market enthusiasm. Dow futures edged slightly higher, while S&P 500 and Nasdaq futures hovered near the flatline, reflecting a cautious mood across Wall Street. Nvidia delivered strong beats on quarterly revenue and profit, along with guidance that topped expectations. Despite the stellar numbers, the stock’s initial surge faded as traders questioned whether the AI boom can continue delivering outsized returns. Shares ultimately pared gains to under 1% in early trading. The broader market’s hesitation stems from growing concerns about the sustainability of heavy AI investment. Salesforce’s weaker outlook added to the uncertainty, dragging software shares and reinforcing fears that not all tech giants will benefit equally from the AI wave. Meanwhile, geopolitical tensions—including renewed U.S.–Iran nuclea...
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Canada Braces for Lasting Economic Impact Amid U.S. Trade Tensions

 

The Bank of Canada’s Governing Council has issued a stark warning: a protracted trade conflict with the United States could permanently depress the nation’s GDP level. In recent meeting minutes, officials noted that the uncertainty surrounding U.S. trade policy—exacerbated by the threat of significant tariffs—could lead to a lasting reduction in economic output.

With nearly 75% of Canadian exports destined for the U.S., even temporary disruptions could force businesses to recalibrate their investment plans and supply chains, resulting in a permanent shift in the country’s economic potential. The central bank’s decision to trim its key policy rate by 25 basis points to 3% underscores the urgency of addressing these risks amid rising inflation pressures and subdued business confidence.

While the exact outcomes remain uncertain, the consensus among policymakers is clear: unless the trade tensions are resolved, Canada may face a long-term decline in GDP growth, along with accompanying inflationary pressures that could complicate future economic recovery efforts. The Bank of Canada plans to monitor the situation closely, ready to adjust its policy stance as needed to mitigate these challenges.


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