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Federal Budget 2025: What It Means for Your Money

The 2025 federal budget introduces a mix of tax cuts, housing measures, and spending shifts that will directly affect Canadians’ day-to-day finances. While the government projects a significant deficit, the plan focuses on affordability and long-term growth. Here are eight key ways it impacts your wallet: 1. Lower Income Taxes The lowest federal tax bracket will be reduced from 15% to 14% starting mid-2025, giving middle-income earners some relief. 2. Vacant Home Measures The Underused Housing Tax will be expanded to discourage vacant and underutilized properties, aiming to free up more housing supply. 3. Student Loan Relief Repayment assistance will be enhanced, with lower income thresholds and capped monthly payments to ease the burden on graduates. 4. Consumer Protection New rules will cut down on excessive banking fees and strengthen protections for financial consumers, especially those with modest incomes. 5. Housing Affordability Programs Funding will support first-...
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Wall Street Futures Stabilize as ADP Jobs Report Signals Private-Sector Growth

 


After a turbulent trading session that saw major indexes tumble, U.S. stock futures steadied on Wednesday as investors digested fresh labor market data. The ADP private payrolls report showed an increase of 42,000 jobs in October, marking a rebound from September’s revised decline of 29,000.

The report provided a measure of relief to markets rattled by a sharp sell-off in technology stocks earlier in the week. Futures tied to the Dow Jones Industrial Average rose 0.2%, while contracts on the S&P 500 and Nasdaq 100 hovered near flat. The modest recovery suggests that investors are cautiously reassessing risk after concerns over stretched valuations in AI-driven tech names triggered Tuesday’s downturn.

Market watchers note that the ADP data could play a critical role in shaping the Federal Reserve’s policy outlook, especially amid uncertainty caused by the ongoing government shutdown. With official labor statistics delayed, private-sector reports like ADP’s are being closely scrutinized for signs of economic resilience.

Still, volatility remains a key theme. Analysts warn that while the jobs rebound is encouraging, questions about high equity valuations and the sustainability of the AI-fueled rally continue to weigh on sentiment. Investors are also keeping an eye on broader economic developments, including tariff policies and corporate earnings, which could further sway market direction.

In short, Wall Street appears to be catching its breath after a bruising sell-off, but the balance between optimism over job growth and caution over market froth remains delicate.


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