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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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Economists Criticize Liberals' New Stimulus Package, Question Long-Term Impact

 

Canada’s Liberal government has unveiled a new stimulus package aimed at addressing economic uncertainty, but the move is drawing skepticism from economists who question its rationale and potential implications for fiscal policy.

The package, which includes targeted financial relief for low- and middle-income households, tax credits for businesses, and infrastructure investments, is designed to counter inflationary pressures and boost economic activity. However, experts warn that such measures may have unintended consequences.

“Introducing new spending programs in the current economic climate could exacerbate deficits and put additional strain on taxpayers in the long run,” said Kevin Milligan, an economics professor at the University of British Columbia. “It’s not good for tax policy to continually rely on temporary fixes.”

Critics also argue that the package lacks clear metrics for success and risks fueling inflation rather than curbing it. Others, however, defend the plan as necessary to support vulnerable Canadians amid rising costs of living and global economic uncertainty.

As Parliament debates the package, opposition parties have demanded greater transparency on how the funding will be allocated and its expected impact on Canada’s long-term economic health.


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