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AI Surge Lifts Markets as Investors Shrug Off U.S. Shutdown Fears

  U.S. stock futures climbed Thursday morning, buoyed by a wave of optimism surrounding artificial intelligence that overshadowed concerns about the ongoing government shutdown. The S&P 500 and Nasdaq 100 futures rose 0.3% and 0.5% respectively, with the S&P 500 closing above 6,700 for the first time ever. Driving the rally was OpenAI’s meteoric rise in valuation to $500 billion following a $6.6 billion employee share sale, making it the world’s most valuable startup and surpassing SpaceX. The company also inked major chip supply deals with Samsung and SK Hynix, sparking a global rally in semiconductor stocks. Despite the shutdown halting nonessential government functions and delaying key economic data like the September jobs report, investors remained focused on tech gains and potential Federal Reserve rate cuts. Weak private payroll data and signs of a softening labor market have further fueled expectations for monetary easing. While the Dow Jones futures remained flat...
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Smart Savings for a Sharp School Start: Canadian Parents’ 2025 Guide

 

As summer winds down and school bells start ringing again, Canadian families are gearing up for one of the busiest—and often priciest—times of year. With inflation still nipping at household budgets, back-to-school season in 2025 calls for sharper saving strategies than ever. But fear not, frugal parents! Here's a short guide to help you cut costs without compromising on quality or preparedness.

Top Back-to-School Savings Tips for 2025

  • Shop Your Home First
    Before you hit the stores, rummage through last year’s supplies. You may already have unused notebooks, pens, or art materials tucked away in drawers.

  • Set a Budget (and Stick to It)
    Break down expenses by category—supplies, clothing, tech—and assign spending limits. Use budgeting apps like Mint or YNAB to stay on track.

  • Buy in Bulk with Other Parents
    Team up with friends or neighbours to buy bulk items like paper, tissues, or snacks. You'll all save money—and maybe build a mini community supply swap.

  • Watch for Tax-Free Days and Digital Coupons
    In provinces like Ontario, many stores offer tax-free or "back-to-school deal" weekends. Stack deals with manufacturer coupons or loyalty points for extra discounts.

  • Go Secondhand for Tech and Fashion
    Thrift stores, Facebook Marketplace, and certified refurbished electronics websites can help slash costs on tablets, calculators, and stylish clothes.

  • Don't Overbuy
    Teachers often provide updated supply lists during the first week. Hold off on buying specialty items until you know what's truly needed.

Bonus Tip: Invest in Quality Backpacks

While cheaper options can be tempting, a durable, ergonomic backpack will go the distance—and save you from shelling out again mid-year.


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