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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Toronto Housing Market Slips Below $1M as Prices Cool

                                      Toronto's average housing price dropped below $1M last month

The Toronto-area housing market has crossed a symbolic threshold, with the average home price falling below $1 million for the first time since 2021. The shift reflects a broader cooling trend driven by high borrowing costs, increased listings, and more cautious buyer behaviour.

Real estate analysts note that elevated interest rates have pushed many prospective buyers to the sidelines, waiting for improved affordability or potential rate cuts. At the same time, more homeowners are listing their properties, easing the supply pressure that helped fuel rapid price growth during the pandemic boom.

While the dip offers a measure of relief for buyers who have struggled with affordability, experts emphasize that the long-term outlook remains uncertain. Economic conditions, population growth, and future rate decisions will continue to shape the trajectory of one of Canada’s most closely watched housing markets.


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