Canadian futures signal a higher open amidst a day packed with crucial domestic economic data and the Federal Reserve's interest. Nasdaq futures dip over 1% due to rising AI costs projected by tech giants Alphabet and Microsoft, disappointing investors. European stocks remain flat, while Japan's Nikkei marks its best January in 26 years, rebounding from early chip-led declines. Chinese and Hong Kong stocks continue to slide. The FOMC announcement looms, with no rate cut expected. A Hong Kong court orders Evergrande Group's liquidation as it fails to restructure its massive $300 billion debt. Tesla forecasts production of its next-gen vehicle in Texas by late 2025 amidst sales growth slowdown. Advanced Micro Devices meets earnings expectations. Media entrepreneur Byron Allen bids $30 billion for Paramount Global. Ontario announces refurbishment of four reactors at the Pickering nuclear plant, a multibillion-dollar endeavor vital for Ontario's power generation.