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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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Impact of Canadian Travel Boycott on U.S. Economy Revealed in Fed Snapshot


A recent wave of Canadian travelers boycotting trips to the United States has sparked significant economic ripples, according to a real-time snapshot shared by the Federal Reserve. As political tensions and social movements fuel this growing trend, border communities and travel-related industries in the U.S. are feeling the strain.

Experts suggest that reduced Canadian spending in hotels, restaurants, and retail outlets is contributing to notable revenue losses for American businesses. Industries reliant on cross-border tourism are scrambling to adapt, with some even launching campaigns to appeal to Canadian tourists and repair relations. Meanwhile, Canada's domestic travel market appears to be thriving as Canadians opt to explore their own country.

The Federal Reserve’s data highlights the interconnected nature of the two nations’ economies, underscoring how consumer behavior on one side of the border can have immediate consequences on the other. This boycott serves as a reminder of the power of collective action and its capacity to bring attention to broader political and social issues.

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