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5 Things to Know Today: The Money News Shaping Your Week

5 Things to Know Today: The Money News Shaping Your Week 1. Canada’s Economy Grew Faster Than Expected Canada’s economy expanded at an annualized 2.6% in Q4, driven by stronger household spending, exports, and business investment. 2. Manitoba Fast‑Tracks Major Infrastructure Projects A new federal‑provincial agreement introduces a “one project, one review” system to accelerate ports, highways, and energy corridors. 3. Job Market Shows a Small but Positive Uptick Canada added 14,000 jobs in March, with wages rising 4.7% — a key factor ahead of the Bank of Canada’s April 29 rate decision. 4. Oil Markets Remain Volatile After Hormuz Reopening Iran has reopened the Strait of Hormuz, but analysts warn global oil markets may take time to stabilize. 5. Canadians Face Rising Affordability Pressures More Canadians are turning to budgeting tools as inflation, energy costs, and housing pressures persist.

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Anthony Albanese Secures Historic Second Term as Australia's Prime Minister

 

In a landmark victory, Prime Minister Anthony Albanese has won a second consecutive three-year term, making him the first Australian leader in 21 years to achieve this feat. His center-left Labor Party secured a decisive win over the conservative opposition, led by Peter Dutton, who conceded defeat and accepted responsibility for his party’s performance.  

The election was shaped by key issues such as inflation, energy policy, and cost-of-living concerns, with both major parties presenting contrasting solutions. Albanese’s administration emphasized renewable energy and economic stability, while Dutton’s campaign focused on nuclear power and government spending cuts.  

International relations also played a role, with Albanese highlighting his government’s success in improving trade relations with China, which had previously imposed restrictions costing Australian exporters billions. Meanwhile, Dutton’s party faced criticism for its alignment with U.S. President Donald Trump’s policies, which some voters viewed as divisive.  

With this victory, Albanese is set to continue his leadership, promising economic reforms, climate action, and social welfare improvements. His win signals strong public support for his vision of a **progressive and stable Australia.  



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