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Your daily horoscope: May 9, 2025

  IF TODAY IS YOUR BIRTHDAY A change of direction is a must this year as you have reached the end of your current journey and need a new challenge. Make a break with the past and make it one that cannot be reversed. Move forward fast and don’t look back. ARIES (March 21 - April 20): Someone you meet on your travels will catch your eye and maybe your heart as well. If it’s true that opposites attract you could find yourself getting close to someone whose charms are very different to your own – and remarkably the relationship will work. TAURUS (April 21 - May 21): Someone you think of as a friend will say something today that annoys you intensely. It may be the case though that they can see things that you cannot, so be open to what they tell you. They could be doing you a very big favor. GEMINI (May 22 - June 21): If you listen too much to other people’s advice today you could end up facing in several directions at once and ultimately getting nowhere. Pay attention to what friends a...
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Canadian Dollar Hits Five-Year Low Amid Political Turmoil


The Canadian dollar, also known as the "loonie," has plunged to a nearly five-year low against the U.S. dollar, driven by escalating political instability. The currency dipped below 70 cents U.S. for the first time since early 2020, following the abrupt resignation of Finance Minister Chrystia Freeland.

Economists attribute the decline to a combination of factors, including the strength of the U.S. economy, the widening gap between Canadian and U.S. interest rates, and the political uncertainty in Canada. The loonie has fallen by 3.4% since the U.S. election on November 5 and is down 7.6% year-to-date.

The Bank of Canada has indicated that it may slow the pace of future interest rate cuts, which could provide some support to the loonie in the short term. However, analysts warn that the ongoing political turbulence and potential tariffs threatened by the incoming U.S. administration could further weigh on the currency.

As the Canadian government grapples with internal challenges, the loonie's future remains uncertain. Investors are closely watching the political developments and their potential impact on the economy and the currency.




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