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Greens Stun Labour in Historic Gorton & Denton Upset

  The Green Party's Hannah Spencer joyous after the results of the Gorton and Denton by-election were announced Prime Minister Keir Starmer has been dealt a significant political setback after the Green Party captured Gorton and Denton, a Greater Manchester seat Labour had held for nearly a century. The by‑election result pushed Labour into third place, behind both the Greens and Reform UK, highlighting growing fractures in Britain’s traditional two‑party landscape. Green candidate Hannah Spencer secured the victory with a commanding share of the vote, marking the party’s first parliamentary by‑election win in northern England. Reform UK finished second, while Labour’s unusually weak performance intensified pressure on Starmer amid ongoing political turbulence and calls for stronger leadership.  The loss of such a long‑standing Labour stronghold underscores shifting voter sentiment and raises questions about the party’s ability to maintain its traditional base. Analysts have...
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Trump’s Re-election Sends Canadian Dollar to Four-Year Low

 

The re-election of Donald Trump has significantly impacted the currency markets, with the Canadian dollar (loonie) falling to a four-year low against the U.S. dollar. This phenomenon, often referred to as the “Trump trade,” has seen the loonie drop around 2% since the election and approximately 4% since September, when financial markets began anticipating Trump’s return to the White House.

The primary driver behind this decline is the strengthening of the U.S. dollar, bolstered by expectations of Trump’s economic policies, which include tariffs, corporate tax cuts, and deregulation. These policies are anticipated to boost U.S. economic growth, increase the government deficit, and fuel inflation, leading to higher U.S. interest rates and a surging equity market.

For Canada, the weaker loonie has mixed implications. On one hand, it makes Canadian exports more competitive, potentially benefiting exporters. On the other hand, it raises the cost of imported goods, impacting Canadian consumers who will face higher prices for products coming from the U.S. The Bank of Canada has also been cutting interest rates faster than the U.S. Federal Reserve to stave off a recession, further contributing to the loonie’s decline.

Overall, the “Trump trade” underscores the interconnectedness of global economies and the significant influence of U.S. economic policies on international markets.


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