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Tech Stocks Lift Futures Ahead of Nvidia’s Earnings

U.S. stock futures edged higher as investors positioned themselves for one of the most closely watched earnings reports of the season: Nvidia’s. The Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures all posted early gains, reflecting renewed optimism in the tech sector. Market Mood Brightens Futures tied to the Dow showed modest strength, supported by cyclical stocks. The S&P 500 and Nasdaq futures climbed as traders bet on continued momentum in artificial intelligence–driven companies. Nvidia’s upcoming earnings report is widely expected to influence the broader market, given the company’s outsized role in the AI boom. Why Nvidia Matters Today Nvidia has become a bellwether for tech sentiment. Its performance often sets the tone for semiconductor stocks and, increasingly, the entire market. Investors are watching for: AI chip demand updates Revenue growth tied to data centers Forward guidance that could sway market direction A strong report could ...
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Trade Tensions Take Toll: Canada Loses 33,000 Jobs in March

 

Canada's labour market faced a significant setback in March, shedding 33,000 jobs—the largest monthly decline since January 2022. This drop pushed the unemployment rate up to 6.7%, a slight increase from February's 6.6%.

The job losses were primarily concentrated in full-time positions, with 62,000 roles eliminated. Sectors such as wholesale and retail trade, as well as information, culture, and recreation, bore the brunt of the decline. However, some gains were observed in part-time employment and industries like utilities and personal services.

Economists attribute this downturn to the escalating trade war with the United States, which has introduced tariffs on Canadian exports, including steel and aluminum. These measures have created uncertainty for businesses, leading to layoffs and a cautious approach to hiring.

As Canada navigates these economic headwinds, policymakers and businesses alike face the challenge of mitigating the impact of trade tensions on the labour market. The coming months will be critical in determining the broader implications of these developments on the nation's economy.

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