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Government Shutdown Leaves Millions Hungry as SNAP Benefits Halt

  People wait in line for free food at the World of Life Christian Fellowship International food pantry in the Bronx borough of New York. As the federal government shutdown drags on, millions of Americans have been left without Supplemental Nutrition Assistance Program (SNAP) benefits , forcing families to turn to food pantries in record numbers. Across the country, long lines have formed outside community centers, churches, and drive-through food distribution sites as people scramble to replace the groceries they once purchased with federal aid. In cities like Louisville, Kentucky , volunteers handed out boxes of food to cars lined up for blocks, while in the Bronx, New York , pantries reported hundreds more visitors than usual in a single day. For many, SNAP was their primary lifeline, and its sudden suspension has created what food banks are calling an “inevitable crisis.” The U.S. Department of Agriculture confirmed that funding for SNAP has run out , leaving more than 40 m...
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Canadian Dollar Sees Hope as Trudeau Announces Resignation

The Canadian dollar, which has been on a downward trend for months, saw a brief surge following Prime Minister Justin Trudeau's announcement of his resignation. Economists and market strategists are cautiously optimistic about the potential for economic recovery with new leadership on the horizon.

Trudeau's resignation, which came amidst political uncertainty and economic challenges, has sparked a wave of speculation about the future of Canada's economy. The Canadian dollar, often referred to as the "loonie," briefly rose by about one percent against the U.S. dollar in early trading on Monday. This movement reflects a renewed confidence among investors who believe that a change in leadership could lead to more stable and growth-oriented policies.

However, not all experts are convinced that the loonie's rise will be sustained. RSM Canada economist Tu Nguyen warned that Trudeau's resignation could usher in a new wave of uncertainty, potentially delaying economic recovery as businesses adopt a wait-and-see approach. The political upheaval has also led to a surge in Canada's Economic Policy Uncertainty Index, reaching its highest level since the early days of the COVID-19 pandemic.

Despite these concerns, some market strategists believe that a new Conservative government, potentially led by Pierre Poilievre, could improve Canada's economic prospects by fostering better relations with the United States and implementing pro-growth policies.

As Canada navigates this period of transition, the world will be watching closely to see if the loonie's recent gains are a sign of long-term recovery or just a temporary blip in an otherwise challenging economic landscape.



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