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Mark Carney: The Economist Who Took on Trump and Won

  Mark Carney, a former central banker, has emerged as Canada’s prime minister following a dramatic election that reshaped the political landscape. His victory was fueled by a surge of nationalism in response to U.S. President Donald Trump’s aggressive rhetoric and trade policies. Trump’s threats to annex Canada as the “51st state” and impose steep tariffs on Canadian goods galvanized voters, turning Carney’s Liberal Party from underdogs to champions of Canadian sovereignty. Carney’s campaign centered on defending Canada’s independence and rebuilding its economy to reduce reliance on the United States. His experience as governor of the Bank of Canada and the Bank of England lent credibility to his promises of economic resilience. In his victory speech, Carney declared, “President Trump is trying to break us so that America can own us. That will never, ever happen”. The election results marked a stunning comeback for the Liberals, who were initially projected to lose to the oppositi...
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Tariff Tensions Trigger Market Slide as Trump Reaffirms 'America First' Trade Policy

                                               

U.S. stock indexes stumbled on Friday as confirmation came that President Donald Trump will implement sweeping tariffs on imports from Canada, Mexico, and China starting this Saturday. Major indices reflected growing investor caution ahead of the new trade measures.

According to reports, the Dow Jones Industrial Average fell by 337 points to close at roughly 44,545, while the S&P 500 dropped about 31 points to finish near 6,041. The technology-heavy Nasdaq also recorded a decline of over 54 points, ending the session at around 19,627. The selloff came after the White House reiterated Trump’s commitment to a robust “America First” policy that aims to protect domestic industries by raising the cost of imported goods citeturn0search15.

Earlier in the day, markets had been trading higher as investors digested an inflation report in line with expectations. However, as details emerged confirming the tariffs’ imminent implementation, uncertainty about their potential impact on prices and global supply chains triggered a sharp pullback in sentiment.

Market analysts warn that the tariffs could lead to higher consumer prices and disrupt trade flows, adding to inflationary pressures at a time when economic growth remains fragile. The renewed emphasis on protectionist measures has intensified debates over the balance between domestic job creation and the broader implications for the global trading system.

Investors now face the challenge of navigating a volatile environment as the tariff threat looms over the weekend, with many eyeing key economic indicators in the coming days for signs of how the new policies might ultimately affect market performance.

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