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Canada’s Economy Braces for Potential Downturn

                                                       The Bank of Canada Canada’s economic outlook has grown increasingly uncertain as a majority of financial leaders warn of a possible recession within the next six months. Rising interest rates, slowing consumer spending, and global market volatility are fueling concerns that the country could face a period of contraction. Business executives and economists point to persistent inflationary pressures and weakened investment confidence as key risks. While some sectors, such as energy and technology, remain resilient, others—particularly housing and retail—show signs of strain. Policymakers are under pressure to balance inflation control with measures that support growth. The Bank of Canada’s monetary decisions in the coming months will play a critical role in determining ...
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Wall Street Wavers as AI Concerns Eclipse Shutdown Optimism

US markets stumbled on Tuesday as renewed anxiety over artificial intelligence investments weighed on investor sentiment, overshadowing optimism that Washington may soon resolve the record-breaking government shutdown.

The Dow Jones Industrial Average held near the flat line, while the S&P 500 slipped about 0.2%. The Nasdaq Composite fell 0.3%, retreating after a strong start to the week that had been fueled by hopes of an AI-driven rally.

Investor confidence in the AI sector was shaken after SoftBank Group announced it had sold its entire stake in Nvidia, redirecting funds toward its own AI ventures. The move raised fresh questions about whether the massive capital flowing into AI will deliver returns that justify lofty valuations. Meanwhile, CoreWeave trimmed its full-year revenue forecast, sending its shares down more than 8% in premarket trading.

Despite the pullback, optimism remains that a resolution to the US government shutdown could provide a stabilizing force for markets. Traders are closely watching developments in Washington, where negotiations continue to end the historic funding lapse.

The day’s trading highlights the tug-of-war between short-term political relief and long-term sector uncertainty. While hopes for a government reopening buoyed sentiment earlier this week, the AI sector’s volatility underscores how fragile investor confidence remains in the face of shifting corporate strategies and earnings outlooks.

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