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Wall Street Stays Resilient as Nasdaq Hits Record Amid Tariff Turbulence

  Markets defy trade jitters with mixed performance Wall Street wrapped up the week with a show of resilience, as the Nasdaq Composite edged to a fresh record close , buoyed by strong tech earnings and steady economic data. The S&P 500 posted a modest weekly gain , while the Dow Jones Industrial Average slipped 0.3% , reflecting investor caution amid escalating tariff tensions. Despite President Trump’s push for 15% to 20% blanket tariffs on European Union imports , markets largely shrugged off the geopolitical noise. Economic indicators, including a sharp drop in inflation expectations from the University of Michigan’s consumer sentiment survey, helped soothe investor nerves. Netflix’s earnings beat failed to impress, dragging its stock lower, while American Express posted strong results , signaling continued spending strength among affluent consumers. Meanwhile, CRISPR Therapeutics surged 17% after a major insider stock purchase, and Bitcoin briefly topped $118,000 befor...
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NDP Won’t Support Liberal $250 Rebate Plan Unless Eligibility Expanded: Singh


NDP Leader Jagmeet Singh has announced that his party will not support the Liberal government's $250 rebate plan unless it is expanded to include the most vulnerable Canadians. The current proposal, part of a broader affordability package, aims to provide $250 to more than 18.7 million Canadians who earned less than $150,000 in 2023.

Singh emphasized that the rebate should also cover seniors, students, people on disability benefits, and those who were unable to work last year. He initially supported the idea, believing it would benefit anyone earning under $150,000, but the current plan only includes those who had an income.

Finance Minister Chrystia Freeland's office responded, stating that it is "categorically false" to say seniors and people with disabilities are excluded, as many of them work and would qualify if they meet the income criteria.

The proposed measures are set to be included in the fall economic statement, with the GST holiday beginning in mid-December and lasting for two months.




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