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Europe at a Crossroads: Trump’s Stark Warning in Davos

                                              A lit up sign put up over Davos ahead of President Trumps arrival At the World Economic Forum in Davos, President Donald Trump delivered a pointed critique of Europe’s current trajectory, arguing that the continent is “heading in the wrong direction.” His remarks added a sharper edge to a summit already defined by global uncertainty and competing visions for the future. Trump’s comments focused on what he described as Europe’s economic stagnation, political fragmentation, and policy choices around migration and energy. He suggested that these decisions were weakening Europe’s long‑term stability and diminishing its global influence. Framing the issue in broader terms, he emphasized that global prosperity is closely tied to American economic strength, asserting that a strong United States remains essent...
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GST Holiday Brings Mixed Reactions from Retailers

 

Retail organizations are welcoming the federal government’s decision to temporarily suspend the Goods and Services Tax (GST) on a wide range of items from December 14 to February 15. This move is expected to boost consumer spending during the typically slow post-holiday period. However, industry observers warn that the implementation could pose significant logistical challenges for many retailers.

The Retail Council of Canada has highlighted that while the GST break will be straightforward for some businesses, others may face a laborious process. Retailers will need to identify which products qualify for the tax exemption, reprogram their point-of-sale systems, and prepare to reverse these changes once the holiday ends.

Small and medium-sized businesses, in particular, may struggle with the short notice and the administrative burden. Despite these challenges, the retail sector remains optimistic that the GST holiday will drive increased traffic and sales, providing a much-needed boost during a period of economic uncertainty.


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