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Canada’s Economy Stumbles: October GDP Sees Sharpest Decline Since 2022

Canada’s economy hit a setback in October 2025, with real GDP contracting by 0.3% , the largest monthly drop in nearly three years. The decline erased September’s modest 0.2% growth and underscored the fragility of the country’s recovery amid global and domestic challenges. Key Drivers of the Contraction Manufacturing slump: Output fell 1.5% , reversing September’s gains. Durable goods manufacturing, particularly machinery and wood products, saw steep declines, with lumber production dropping 7.3% following new U.S. tariffs. Goods-producing industries: Overall, these sectors contracted 0.7% , led by manufacturing and mining. Services-producing industries: Activity slipped 0.2% , weighed down by labor stoppages in key service areas. Broad impact: 11 of 20 industrial sectors reported declines, highlighting widespread weakness across the economy. Broader Context Despite the October setback, Canada’s GDP was still up 0.4% year-over-year , reflecting modest growth compared t...
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Navigating the Consequences: When Will or Trust Terms Are Ignored



When the terms of a will or trust are not followed, it can lead to serious legal repercussions for the trustee or executor responsible for administering the estate. These individuals have a fiduciary duty to act in accordance with the trust’s stipulations and the law. Failure to do so is termed a “breach of trust” and can result in legal action taken by the beneficiaries or interested parties.

If a breach occurs, the court may impose various penalties, including the removal of the trustee, ordering the return of misappropriated funds, or, in extreme cases, criminal charges. Beneficiaries have the right to request a formal accounting from the trustee, which is a detailed record of all transactions related to the trust’s administration. If discrepancies are found, the court can order a “passing of accounts,” leading to a formal audit process.

The beneficiaries’ course of action will depend on the severity of the breach and the evidence available. It’s crucial for them to consult with an experienced estate lawyer to navigate the complex legal landscape and ensure their rights are protected.

In summary, disregarding the terms of a will or trust is not taken lightly in the eyes of the law. It’s a situation that requires prompt and careful legal attention to rectify and uphold the wishes of the deceased.

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