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Futures Climb as Strong Jobs Data Refocuses Wall Street on Fed Policy

U.S. stock futures edged higher after a surprisingly strong jobs report reignited debate over the Federal Reserve’s next moves on interest rates. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq all posted early gains, signaling renewed confidence following a volatile stretch in the markets. The robust labor data underscored the economy’s resilience, but it also complicated expectations for near‑term rate cuts. A hotter‑than‑expected job market can give the Fed reason to keep borrowing costs elevated longer than investors had hoped. As a result, traders are now watching upcoming inflation readings and corporate earnings for clearer direction. Tech shares continued to draw attention, with some companies facing pressure from margin concerns even as enthusiasm around artificial intelligence remains strong. Market participants are preparing for additional economic data later in the week that could further shape the outlook for monetary policy and equity performa...
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Average Rent in Canada Hits All-Time High in 2024

 

According to a report by Rentals.ca, the average rent in Canada has reached an all-time high of $2,178 per month, showcasing an 8.6% increase from the same period in 2022 . The report also notes that the rental market will remain undersupplied in 2024, though a shift toward greater balance is expected . Rent growth is projected to converge toward its five-year average of approximately 5% .

The increase in rental costs shows no signs of slowing down, with one-bedroom purpose-built and condo rentals seeing the biggest increase (+13% YoY), averaging $1,850 . The average rent for two bedrooms came in at $2,192, while for three bedrooms, the average was reported at $2,413.

The outlook for renters in Canada in 2024 is not very optimistic, as the rental market is expected to remain tight. However, the report suggests that the rental market will become more balanced in the coming years.


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