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Wall Street Pauses as Earnings Season Heats Up

U.S. stock futures were mixed on Wednesday as investors braced for a wave of corporate earnings that could set the tone for markets in the weeks ahead. Futures tied to the Dow Jones Industrial Average and Nasdaq 100 hovered near flat, while S&P 500 contracts edged slightly higher. The cautious mood followed a record-setting session for the Dow, which closed at an all-time high above 47,000 on Tuesday, buoyed by strong results from blue-chip names like Coca-Cola. However, sentiment was tempered after Netflix shares tumbled more than 6% in after-hours trading on weaker-than-expected quarterly results. All eyes are now on Tesla, IBM, and other major companies set to report later today. Tesla’s earnings, in particular, are expected to be a key test for the so-called “Magnificent Seven” tech giants that have powered much of this year’s rally. Meanwhile, bond markets remained steady, with the 10-year Treasury yield holding just under 4%. Investors are also watching closely for signs ...
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Ontario’s Highway 401 Tunnel: A Costly Vision with Questionable Benefits

 

Ontario Premier Doug Ford’s ambitious proposal to construct a tunnel beneath Highway 401 has sparked significant debate. Experts estimate the project could cost upwards of $60 billion, making it one of the most expensive infrastructure undertakings in Canadian history.

Dr. Shoshanna Saxe, an Associate Professor at the University of Toronto, projects the cost at approximately $1 billion per kilometre, with the total potentially exceeding $55 billion. The tunnel, intended to alleviate congestion on one of North America’s busiest highways, would stretch from Mississauga and Brampton in the west to Markham and Scarborough in the east.

However, critics argue that the tunnel may not effectively address traffic congestion. Ontario Liberal Leader Bonnie Crombie and Ontario Green Party Leader Mike Schreiner have both voiced strong opposition, suggesting that the funds would be better invested in public transit, which could provide more immediate and sustainable relief.

The feasibility study, which is yet to be completed, will provide more detailed insights into the project’s potential costs and benefits. Until then, the debate continues over whether this monumental investment is the right solution for Ontario’s transportation challenges.


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