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Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
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Important Items for Canadian Taxpayers to Consider Before Filing Their 2023 Tax Return

 

Here are some important items that Canadian taxpayers should consider before filing their 2023 tax return:

  1. Filing and payment deadlines: The deadline for most Canadians to file their 2023 tax return is April 30, 2023. If you or your spouse or common-law partner are self-employed, you have until June 15, 2023, to file on time. If you have a balance owing, your payment is due on April 30, 2023. Filing your return before the respective deadline will allow you to avoid interruptions to any benefit or credit payments you may be entitled to.

  2. Register for direct deposit and file online: You can register for direct deposit and file online to get any refund you may be eligible for faster. To file online, the CRA has a list of certified tax software products that are easy to use, fast, and secure, some of which are free! When you file using NETFILE-certified software, you may be able to use: Auto-fill my return and Express NOA. 

  3. Get free tax help: If you have a modest income and a simple tax situation, volunteers at a free tax clinic may be able to do your taxes for you.

  4. New tax changes: There are several new tax changes that Canadian taxpayers should be aware of when filing their 2023 tax return. Some of the most important changes include an increase in unpaid tax penalty, expiration of COVID-19 benefits, introduction of a new grocery rebate, and changes to Disability Tax Credit.


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