Skip to main content

Featured

Carney’s First Budget Signals a Generational Reset for Canada’s Finances

Prime Minister Mark Carney jokes with Minister of Finance and National Revenue Francois-Philippe Champagne as they greet families before participating in an announcement at a community centre in Ottawa, on Friday, Oct. 10, 2025. Prime Minister Mark Carney’s inaugural budget is being framed as a turning point in Canada’s fiscal direction, marking a sharp departure from the spending patterns of recent years . Presented alongside Finance Minister François-Philippe Champagne, the budget is not just a financial document but a statement of intent: to reshape the country’s economic priorities in the face of global uncertainty and domestic pressures. At the heart of the plan is a shift away from expansive spending toward what Carney has described as “tough choices” and “sacrifices.” The government has emphasized that Canada must “spend less to invest more” , signaling a reallocation of resources rather than an outright expansion of the deficit. This approach reflects Carney’s long-standing...
Post a Comment
Read more

article

Labels

Market Jitters Rise as Futures Slip Amid Shutdown Fears

US stock futures edged lower on Tuesday as investors braced for the growing likelihood of a government shutdown and fresh trade tensions. Futures tied to the Dow Jones Industrial Average dipped about 0.2%, while S&P 500 contracts slipped 0.2% and Nasdaq 100 futures eased 0.1%.

The pullback followed President Trump’s latest tariff announcements targeting lumber, timber, and furniture imports, adding to concerns about the global economic outlook. Markets are also on edge as lawmakers face a midnight deadline to avert the first government shutdown since 2019. Vice President JD Vance signaled pessimism after failed negotiations, saying, “I think we’re headed to a shutdown”.

A shutdown would halt key government data releases, including the closely watched September jobs report, which is central to the Federal Reserve’s policy outlook. Investors are also awaiting earnings from Nike later today, while labor market data and consumer confidence readings are expected to provide additional clues on economic momentum.

At last check, the Dow hovered near 46,296, down slightly from its prior close. The S&P 500 traded around 6,661, up modestly, while the Nasdaq showed similar caution in early moves.


Labels:

Comments

Post a Comment