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High Public Sector Salaries Under Scrutiny Amid Planned Cuts

  The Canadian flag flies on the Peace Tower of Parliament Hill as pedestrians make their way along Sparks Street in Ottawa on Tuesday, Nov. 9, 2021. The latest government figures reveal that more than 27,000 public servants earned salaries of at least $150,000 last year. The disclosure comes at a time when the federal government is preparing to implement spending cuts, raising questions about compensation levels in the public sector. The report highlights the growing number of high-income earners within the civil service, a trend that has drawn attention as Ottawa seeks to reduce expenditures. Critics argue that such salaries place a heavy burden on taxpayers, while supporters contend that competitive pay is necessary to attract and retain skilled professionals in critical roles. As the government moves forward with its cost-cutting agenda, the debate over public sector compensation is expected to intensify, with unions and advocacy groups likely to push back against measures t...
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Tariff Turmoil: Wall Street Wobbles Amid Auto Industry Shake-Up

 

Wall Street faced a turbulent day as President Trump's announcement of 25% tariffs on imported cars sent ripples through the stock market. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experienced declines, reflecting investor concerns over the potential economic impact of the tariffs.

Automakers were among the hardest hit, with General Motors and Ford seeing significant drops in their stock prices. Even U.S.-based manufacturers felt the strain due to their complex supply chains spanning North America. Meanwhile, electric vehicle makers like Tesla and Rivian fared better, as their production is largely U.S.-based.

The tariffs, set to take effect on April 2, have sparked fears of a trade war and raised questions about their long-term implications for the global economy. Investors remain cautious, with many bracing for further market volatility. 



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