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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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TSX Futures Point to Upbeat Open as Gold Shines; Powell Testimony in Focus

As the sun rises on the trading day, Canadian investors are keeping a close watch on the Toronto Stock Exchange (TSX). Here’s what’s happening in the premarket:

1. Gold Continues Its Ascent

  • Gold futures are glittering, reaching an impressive $2,162.5.
  • Investors are drawn to the precious metal as a hedge against inflation and uncertainty.

2. Powell Takes the Stage Again

  • Federal Reserve Chair Jerome Powell is back in the spotlight. His second day of congressional testimony is eagerly anticipated.
  • Yesterday, Powell hinted at potential interest rate cuts if inflation continues to wane. His words today could sway market sentiment.

3. Materials Sector Gains

  • The materials sector is poised for a sixth consecutive session of gains.
  • Copper touched a five-week high, fueled by better-than-expected trade data from China, a major metals consumer.

4. Oil Prices Slip

  • Despite upbeat Chinese trade data, oil prices are slipping. Expectations of delayed rate cuts are putting pressure on crude prices.

5. Bank of Canada’s Stance

  • The Bank of Canada (BoC) held its key overnight rate steady at 5%. BoC Governor Tiff Macklem emphasized that underlying inflation suggests it’s too early for a cut.
  • Investors find comfort in the expectation that inflation will ease in the second half of the year.

6. Descartes Systems Gets a Boost

  • Descartes Systems, a software company, saw its fourth-quarter revenue beat estimates. Four brokerages raised their price targets for the stock.

As the TSX gears up for the opening bell, all eyes remain on Powell’s testimony and economic data. Buckle up for a day of market moves and stay tuned for further developments.







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