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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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Stock Market Today: Apple Earnings Boost Spirits Amid Soft Jobs Report

 



In a surprising turn of events, the stock market rallied today despite a weaker-than-expected jobs report. Here’s a brief overview of what happened:

  • Apple (AAPL) stole the spotlight with its upbeat earnings. The tech giant’s quarterly profit exceeded expectations, and it even surprised investors with better-than-estimated revenue from China. Notably, this came amidst reports of flagging iPhone sales.
  • CEO Tim Cook also discussed Apple’s plans for AI development, a key focus this earnings season. However, it was the announcement of a massive $110 billion stock buyback—the largest in US history—that truly captured the market’s attention.
  • As a result, Apple shares rose 7% in pre-market trading, significantly boosting the Dow Jones Industrial Average.

 Soft Jobs Report

  • The April jobs report painted a picture of a cooling US labor market. Employers added 175,000 jobs, falling short of the expected 240,000. Additionally, the unemployment rate unexpectedly jumped to 3.9%.
  • Traders responded by increasing bets on a sooner-than-expected rate cut by the Federal Reserve. According to the CME FedWatch tool, there’s now roughly a 50-50 chance of a rate cut at the July meeting.

Market Reaction

  • The Dow Jones Industrial Average futures jumped 1.3%, or more than 450 points, while S&P 500 futures rose 1.1%. Contracts on the tech-heavy Nasdaq 100 were up roughly 1.6%.
  • All three major indices are poised to build on sharp closing gains from Thursday.

Despite the soft jobs report, Apple’s strong performance and the prospect of a rate cut have buoyed investor confidence. Keep an eye on market developments as we navigate this dynamic landscape.


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