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Canada’s Job Market Stumbles as February Brings Major Employment Losses

                                                       Workers operating machinery at a construction site in Edmonton.      Canada’s labour market took a sharp downturn in February, shedding 84,000 jobs and pushing the national unemployment rate up to 6.7%. The decline was far steeper than economists expected and marks one of the most significant monthly employment drops in recent years.  A Sudden and Significant Employment Decline Statistics Canada reported that the country lost 84,000 jobs in February , a surprising contraction that affected both goods‑producing and services‑producing industries. The unemployment rate rose to 6.7% , up 0.2 percentage points from January. Economists had anticipated modest job growth, making the downturn even more unexpected.  Who Was Hit the Hardest Youth aged...
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Ontario's Electricity Surcharge Sparks U.S. Backlash

Ontario's recent decision to impose a 25% surcharge on electricity exports to the United States has ignited tensions across the border. Premier Doug Ford announced the measure as a retaliatory response to U.S. tariffs on Canadian goods. The surcharge, effective immediately, impacts approximately 1.5 million homes and businesses in Michigan, Minnesota, and New York, potentially adding $100 to monthly electricity bills for affected consumers.

Ford defended the move, emphasizing its necessity to protect Ontario's interests amidst escalating trade disputes. He warned that further measures, including a complete halt to electricity exports, could follow if U.S. tariffs persist. While the surcharge is expected to generate significant daily revenue for Ontario, critics argue it could strain cross-border relations and disrupt energy markets.

U.S. governors have expressed concerns over the surcharge's impact on pricing and reliability, with some warning of potential reciprocal actions. As the trade standoff continues, the surcharge underscores the growing economic and political complexities in U.S.-Canada relations.

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