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New Federal Budget to Deliver $1,100 Tax Credit for Personal Support Workers

                                                        Jobs and Families Minister Patty Hajdu  The federal government has announced a major new measure in Budget 2025 aimed at supporting Canada’s personal support workers (PSWs). The initiative introduces a refundable tax credit of up to $1,100 per year for eligible PSWs, a move expected to benefit more than 200,000 frontline care workers across the country. Unveiled by Jobs and Families Minister Patty Hajdu , the credit is designed to recognize the essential role PSWs play in Canada’s healthcare system, particularly in caring for seniors and vulnerable populations. The refundable nature of the credit means that even low- and modest-income workers, who may not owe income tax, will still be able to claim the benefit. The program will allow PSWs to claim five per cen...
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Market Optimism: Stocks Surge Amid Earnings and Trade Hopes

 

Global stock markets experienced a significant rebound today, fueled by a combination of strong corporate earnings reports and renewed optimism over easing trade tensions. Major indices, including the Dow Jones, S&P 500, and Nasdaq, posted gains exceeding 2%, signaling a wave of investor confidence.

The rally was bolstered by better-than-expected earnings from key players such as 3M and Netflix, which outperformed market expectations. Additionally, remarks from U.S. Treasury officials hinting at potential de-escalation in trade disputes with China further lifted market sentiment. This development comes as a relief to investors who have been navigating weeks of volatility driven by tariff uncertainties and geopolitical concerns.

While the market's recovery is a positive sign, analysts caution that the road ahead remains uncertain. Factors such as ongoing trade negotiations, Federal Reserve policies, and global economic forecasts will continue to influence market dynamics in the coming weeks.

This resurgence highlights the resilience of the financial markets and the pivotal role of corporate performance and international diplomacy in shaping investor confidence.

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