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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: U.S. Stock Futures Climb Amid China Trade Talks and Fed Decision

U.S. stock index futures edged higher on Wednesday as investors reacted positively to news of upcoming trade discussions between the U.S. and China. Washington announced that representatives from both nations would meet in Switzerland over the weekend, marking a potential step toward de-escalating trade tensions that have rattled global markets.

The Federal Reserve is also in focus, with its policy decision expected later in the day. While the central bank is widely anticipated to hold interest rates steady, traders are closely watching for signals on future monetary policy moves. Market participants are pricing in a possible rate cut by July, following mixed economic data that suggests slowing growth alongside a resilient labor market.

At 07:05 a.m. ET, S&P 500 E-minis were up 0.66%, Nasdaq 100 E-minis gained 0.67%, and Dow E-minis rose 0.73%. Investors are also keeping an eye on corporate earnings, with companies like Walt Disney and Uber Technologies reporting results that could influence market sentiment.

As Wall Street navigates uncertainty, the combination of trade negotiations and Federal Reserve guidance will likely shape market movements in the coming days. Traders remain cautiously optimistic, hoping for clarity on both fronts.

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