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Markets Open Mixed as Oil Holds Near US$96

Markets Open Mixed as Oil Holds Near US$96 Canadian Money Brief — Daily Markets Update • April 24, 2026 Markets are mixed this morning: the TSX is slightly lower, oil is steady near US$96, and the Canadian dollar is largely unchanged — a cautious tone for investors as geopolitical risks and earnings season take center stage. Market Snapshot TSX — modestly down in early trading, with broad-based caution across sectors. U.S. markets — softer opening as investors weigh global developments and corporate results. Oil — WTI holding near US$96, keeping energy names supported. Canadian dollar — little movement versus the U.S. dollar, reflecting a quiet FX backdrop. Winners and Losers Winners — energy and pipeline names showing strength on firm oil prices. Losers — select tech and discretionary stocks lag amid risk‑off flows. What’s Driving Markets Heightened attention on geopolitical tensions that are keeping commodity markets on edge. Ongoing corp...

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Federal Workforce in Turmoil: Mass Layoffs Spark Outrage and Uncertainty

In a sweeping move that has left federal workers reeling, the Trump administration has initiated mass layoffs targeting probationary employees across various federal agencies. The abrupt terminations, which began on February 13, 2025, have sparked widespread anger, chaos, and confusion among the affected workers.

The layoffs are part of a broader effort spearheaded by the newly-established Department of Government Efficiency (DOGE), led by billionaire Elon Musk. The initiative aims to streamline government operations and reduce spending by targeting employees who have been with the federal government for less than one or two years.

Many federal workers have expressed shock and disbelief at the sudden job losses, with some receiving termination notices via email or pre-recorded messages. The manner in which the layoffs were conducted has been criticized as callous and lacking in consideration for the human impact.

The Trump administration's aggressive approach to downsizing the federal workforce has prompted condemnation from unions and legal experts, who argue that many of DOGE's actions may not be legal. The layoffs have also raised concerns about the government's ability to provide essential services to the public.

As the dust settles, federal workers and their families are left grappling with the uncertainty of their future, while the broader implications of the mass layoffs continue to unfold.



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