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Rush to Work: CNE Job Frenzy Highlights Youth Unemployment Crisis

                                                      Applicants at the CNE’s Job Fair wait in line at the Enercare Centre in Toronto on July 30,                                                                         2025. CNE has already received more than 54,000 online applications, the most yet. The Canadian National Exhibition (CNE) has seen an overwhelming flood of interest for its seasonal job openings, receiving over 54,000 applications for just 1,000 positions. This staggering demand shines a spotlight on a pressing issue: the persistent challenge of youth unemployment across Canada. Each summer, the CNE hir...

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Trump Administration Eyes Fed Shake-Up as Powell’s Future in Doubt

The Trump administration is preparing to search for a new Federal Reserve Chair this fall, signaling a potential leadership shift at the central bank well ahead of Jerome Powell’s term ending in May 2026. Treasury Secretary Scott Bessent confirmed the administration’s intent in a recent interview, noting that “a lot of good candidates” are under consideration.

President Trump has been openly critical of Powell’s reluctance to cut interest rates, arguing that the Fed’s current policy is stifling economic growth. In a handwritten note to Powell, Trump urged a significant rate cut, calling the Fed Chair “Mr. Too Late” and blaming him for costing the U.S. “a fortune”.

While Bessent has emerged as a potential successor, he expressed contentment with his current role, stating, “I will do what the president wants, but I think I have the best job in DC”. Other names floated for the position include Fed Governor Christopher Waller, former Fed Governor Kevin Warsh, and White House economic adviser Kevin Hassett.

The administration is expected to announce a replacement as early as October, with the goal of ensuring a smooth transition before Powell’s term concludes. The move comes amid broader economic debates over tariffs, inflation, and the pace of monetary easing.

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