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Wall Street Edges Higher as Fed Rate Cut Decision Looms

U.S. stock futures were mixed but leaning higher on Monday as investors braced for a pivotal Federal Reserve policy meeting later this week. The Dow Jones Industrial Average futures rose about 0.2%, S&P 500 futures held near flat, and Nasdaq 100 futures dipped slightly after the tech-heavy index notched a fresh record last week. The rally has been fueled by growing expectations that the Fed will cut interest rates on Wednesday, with traders pricing in a 96% chance of a quarter-point reduction and a slim possibility of a larger 50-basis-point move. A cooling labor market — with unemployment at 4.3% and job growth slowing — has strengthened the case for policy easing. Tech stocks remain in focus, with Nvidia sliding over 2% after China’s antitrust regulator said the chipmaker violated competition laws. The news comes amid high-level U.S.-China trade talks in Madrid, adding a layer of geopolitical uncertainty to market sentiment. Despite the cautious tone, optimism around artifici...
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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 opposition Conservatives. Carney’s leadership and his ability to rally Canadians against external threats proved decisive in securing his mandate. 

Carney’s win is not just a political triumph; it’s a statement of Canada’s resolve to stand firm against external pressures and chart its own path forward. His tenure promises to be defined by efforts to strengthen Canada’s economy and assert its sovereignty on the global stage. 

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