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Unbeatable Boxing Day Deals in Canada 2024: Shop the Best Sales from Top Retailers!

Boxing Day 2024 is here, and it's time to shop the year's best deals across Canada!  From tech gadgets to winter apparel, major retailers like Amazon, Best Buy, Walmart, and more are offering incredible discounts. Whether you missed out on a Christmas gift or need to stock up on essentials, this is your chance to score big savings. Amazon Canada is leading the charge with discounts of over 70% on a wide range of products, including must-have tech, personal care essentials, and small kitchen appliances. Best Buy Canada is also offering substantial savings on smartwatches, 4K TVs, laptops, and more. Walmart Canada has deals on top brands like PlayStation, Apple, and LG, with savings up to 60%. For fashion enthusiasts, adidas is offering up to 60% off on sneakers and apparel, while Abercrombie & Fitch** has up to 30% off select styles.  Coach Outlet is providing up to 70% off on must-have bags and wallets. Don't miss out on these amazing deals! Start your new year off on t...
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Stock Market Today: Apple Earnings Boost Spirits Amid Soft Jobs Report

 



In a surprising turn of events, the stock market rallied today despite a weaker-than-expected jobs report. Here’s a brief overview of what happened:

  • Apple (AAPL) stole the spotlight with its upbeat earnings. The tech giant’s quarterly profit exceeded expectations, and it even surprised investors with better-than-estimated revenue from China. Notably, this came amidst reports of flagging iPhone sales.
  • CEO Tim Cook also discussed Apple’s plans for AI development, a key focus this earnings season. However, it was the announcement of a massive $110 billion stock buyback—the largest in US history—that truly captured the market’s attention.
  • As a result, Apple shares rose 7% in pre-market trading, significantly boosting the Dow Jones Industrial Average.

 Soft Jobs Report

  • The April jobs report painted a picture of a cooling US labor market. Employers added 175,000 jobs, falling short of the expected 240,000. Additionally, the unemployment rate unexpectedly jumped to 3.9%.
  • Traders responded by increasing bets on a sooner-than-expected rate cut by the Federal Reserve. According to the CME FedWatch tool, there’s now roughly a 50-50 chance of a rate cut at the July meeting.

Market Reaction

  • The Dow Jones Industrial Average futures jumped 1.3%, or more than 450 points, while S&P 500 futures rose 1.1%. Contracts on the tech-heavy Nasdaq 100 were up roughly 1.6%.
  • All three major indices are poised to build on sharp closing gains from Thursday.

Despite the soft jobs report, Apple’s strong performance and the prospect of a rate cut have buoyed investor confidence. Keep an eye on market developments as we navigate this dynamic landscape.


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