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Canada's Federal Election 2025: A Nation Prepares to Vote

On Monday, April 28, Canadians will head to the polls to elect members of the House of Commons for the 45th Canadian Parliament. This election marks a pivotal moment in the nation's political landscape, with key issues such as climate change, economic recovery, and healthcare reform dominating party platforms. Advance polls have already seen record-breaking participation, with over 7.3 million Canadians casting their votes early. The election will also introduce a new 343-seat electoral map, reflecting changes from the 2021 census. As the nation gears up for election day, voters are encouraged to check their registration status and polling locations through the Elections Canada website. With the stakes high and the future uncertain, this election promises to shape Canada's trajectory for years to come.
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AI Fever Drives U.S. Stocks to Record Highs Amid Inflation and Rate Cut Hopes

 


The U.S. stock market continued its upward trend on Monday, reaching new record highs amid optimism about the cooling inflation, the possibility of interest rate cuts, and the resilience of the U.S. economy. However, the gains were modest as investors awaited a busy week of economic data and corporate earnings.

The S&P 500 index edged 0.1% lower in early trading, after setting its latest all-time high this year and its 16th winning week in the last 18. The Dow Jones Industrial Average fell 145 points, or 0.4%, while the Nasdaq composite slipped 0.1%.

One of the main drivers of the market rally was the artificial-intelligence (AI) sector, which has seen some stocks soar to astronomical levels. Super Micro Computer, a provider of server and storage systems for AI and other computing, jumped another 18.7% on Monday, after more than tripling in 2024 and 2023. The company announced that it will join the S&P 500 index of the biggest U.S. stocks on March 18, replacing Whirlpool, which has been struggling with weak demand and trade tensions.

Another AI star was Nvidia, whose chips are powering much of the move into AI. The company rose another 3.7% on Monday, bringing its gain for the year so far to 72.2%, after more than tripling in 2023. The company has been benefiting from strong demand for its products in gaming, data centers, and autonomous vehicles.

However, some analysts warned that the market may be getting too euphoric about AI, creating a potential bubble that could burst. Savita Subramanian, equity strategist at Bank of America, said that the market is “euphoric on AI” and that "bull markets end with euphoria."

The market also faced some headwinds from the global front, as Turkey’s inflation surged to a 15-month high, raising concerns about the stability of the emerging market. Meanwhile, the European Union and the United Kingdom were locked in a dispute over vaccine exports, threatening to escalate trade tensions amid the pandemic.

Investors will be closely watching the upcoming economic reports and earnings releases this week, which could provide more clues about the health of the economy and the corporate sector. Some of the key events include the consumer price index, the retail sales, the industrial production, and the Federal Reserve’s policy meeting. Some of the major companies reporting earnings include JPMorgan Chase, Goldman Sachs, Netflix, and PepsiCo.

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