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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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Bank of Canada Faces Tough Decisions Amid U.S. Trade War

 

The Bank of Canada is expected to announce another interest rate cut this week, as the ongoing trade war with the United States continues to disrupt the Canadian economy. Economists predict a 25-basis-point reduction, bringing the benchmark rate to 2.75%. This would mark the seventh consecutive rate cut since mid-2024.

The trade conflict, sparked by U.S. tariffs on Canadian goods, has created significant uncertainty for businesses and consumers alike. Inflationary pressures and job losses in key sectors are among the immediate consequences. The Bank of Canada aims to use monetary policy to cushion the economic impact, though experts caution that rate cuts alone cannot resolve the challenges posed by the trade war.

Governor Tiff Macklem has emphasized the complexity of the situation, noting that the central bank must balance weak economic growth with rising inflation. While previous rate cuts had begun to stimulate consumer spending and retail activity, the recent tariff shock has derailed the recovery trajectory.

As Canada braces for potential recessionary effects, policymakers and industry leaders are calling for coordinated efforts to mitigate the fallout. The federal government has already announced aid packages for affected businesses, but further measures may be necessary if the trade war persists.



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