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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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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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