The Market News Today: Powell Prepares to Outline Fed’s Monetary Strategy

Canadian Economy’s Slow Growth: A Mixed Economic Picture

Canada’s economy, growing at an annualized rate of 1% in Q4, aligns with the central bank’s expectations, yet reveals underlying weaknesses. Despite exceeding forecasts, this growth, driven by global factors like robust U.S. spending, masks domestic spending declines and per-capita GDP reduction. The Bank of Canada’s rate hikes have dampened consumer and business spending. While the labor market appears resilient, with low unemployment and high wage growth, other data suggest weakening conditions. Inflation’s decline to 2.9% offers some relief, but the central bank remains cautious, seeking sustainable paths to its 2% target. (CTVNews)

CrowdStrike’s Earnings Soar, Leaving Rivals in the Cyber-Dust

CrowdStrike Holdings Inc. outperformed Wall Street forecasts in its recent earnings, attributing success to its single-platform strategy. The cybersecurity firm expects Q1 earnings of 89-90 cents per share, surpassing the 82-cent prediction, with projected revenues between $902.2 and $905.8 million. This announcement sent its stock soaring 26% in extended trading. In contrast, competitors like Palo Alto Networks have struggled, highlighting CrowdStrike’s market dominance amid rising demand in the cybersecurity sector. (Bloomberg)

China Vows to Protect Small Investors and Crack Down on Market Manipulation

China’s top securities regulator, Wu Qing, pledged to rigorously combat market manipulation and prioritize the protection of small investors. Emphasizing fairness in a market heavily populated by smaller investors, Wu outlined measures to enhance listed companies’ quality and investor returns. These include improved dividend stability, stricter delisting rules, and expanded company inspections. Amid recent market volatility, these steps aim to bolster investor confidence and attract long-term investments. (CNBC)