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Tech Momentum and Fed Anticipation Propel Wall Street to New Heights

  U.S. stock futures climbed Wednesday morning, continuing a record-setting streak as investors rallied behind Nvidia’s meteoric rise and anticipated a pivotal decision from the Federal Reserve. The Dow Jones Industrial Average , S&P 500 , and Nasdaq 100 futures all posted gains, with the Nasdaq leading at a 0.5% increase, buoyed by tech optimism Nvidia (NVDA) surged in premarket trading, adding to its recent rally after CEO Jensen Huang’s keynote at the GTC event highlighted new AI partnerships and a bullish outlook for the industry. The company is now nearing a historic $5 trillion market valuation, driven by expectations of $500 billion in AI chip sales Investor sentiment was further lifted by speculation that former President Trump may ease restrictions on Nvidia’s sales to China, potentially boosting demand for its Blackwell AI processor Meanwhile, all eyes are on the Federal Reserve , which is widely expected to announce a 25 basis point interest rate cut at 2 p.m....
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Federal Government Expands Early Retirement Eligibility for Front-Line Workers

 

The Canadian federal government is taking steps to broaden early retirement eligibility for specific front-line workers. Treasury Board President Anita Anand has announced plans to introduce legislation this fall to facilitate this change. Here are the key points:

  1. Eligibility Expansion: The proposed changes will allow certain front-line workers to retire after 25 years of service without a pension reduction. Currently, this provision is available to military members, RCMP officers, and some correctional workers. The expansion will include federally employed border service officers, parliamentary protection officers, search and rescue technicians, and firefighters. Additionally, correctional employees, firefighters, and paramedics employed by territorial governments will now be eligible for early retirement.

  2. Recognition of Demanding Roles: Treasury Board President Anita Anand emphasized that these changes aim to recognize the demanding nature of day-to-day duties for these occupational groups. These workers play a critical role in promoting and protecting the safety and security of Canadians.

  3. Positive Impact: The Public Service Alliance of Canada hailed this decision as a “significant victory,” benefiting thousands of front-line public-safety and law enforcement workers.

In summary, the federal government’s move to expand early retirement eligibility acknowledges the contributions and challenges faced by front-line safety and security workers, ensuring consistency across occupational groups.


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