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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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The 2024 U.S. Presidential Debate: A Pivotal Moment

 

 The upcoming presidential debate between Joe Biden and Donald Trump is indeed a pivotal moment in the U.S. election. Here’s why:

  1. Unusual Timing: Unlike typical debates held in September or October, this one is scheduled three months earlier. Both candidates will face off at 9 p.m. ET on Thursday. This early debate provides a unique chance for voters to assess them for long, unimpeded stretches.

  2. Resetting the Trajectory: Joe Biden, trailing slightly in most surveys, aims to reset the race by proposing an early debate under specific rules to limit heckling and interruptions. If successful, it could shift the campaign dynamics.

  3. Historic Significance: Longtime Republican strategist Karl Rove called it “the most important 90 minutes of this election season.” While debates don’t typically swing elections, this one has the potential to solidify a candidate’s lead.

  4. Past Debates: The first-ever televised debates between John F. Kennedy and Richard Nixon in 1960 are often remembered because they did influence the outcome. Kennedy’s telegenic performance helped turn the tide in his favor.

In summary, while debates don’t always change the game, this early face-off could be a defining moment in the 2024 U.S. election. Get your popcorn ready—it’ll be a heck of a night! 

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