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Wall Street Sinks as Tariff Jitters and AI Volatility Rattle Investors

U.S. stocks tumbled in a broad sell‑off today, with the Dow Jones Industrial Average plunging roughly 800 points as renewed tariff concerns and a wave of AI‑related volatility shook market confidence. The S&P 500 and Nasdaq also slid sharply, extending a week of choppy trading driven by political uncertainty and rapid shifts in tech sentiment. Investors reacted to escalating fears that new tariff measures proposed by President Trump could disrupt global supply chains and pressure corporate earnings. Tech stocks—already sensitive to policy shifts—were hit particularly hard as traders unwound positions tied to what analysts have dubbed the “AI scare trade,” a fast‑moving rotation away from high‑growth names. Market strategists noted that the combination of geopolitical tension, policy ambiguity, and stretched valuations created a perfect storm for a sharp pullback. Still, some analysts argue that the downturn reflects a recalibration rather than a fundamental shift, pointing out t...
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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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