Canada's Prime Minister resigned, as expected, just as Canada announces more troubling economic data. The whole saga of PM Trudeau's downfall is actually perfectly illustrated by the loonie; and it applies to a lot more than Canada. It's a warning to both existing governments as well as the successors who take over for them after voters have had enough.
Eurodollar University's Money & Macro Analysis
Fox Canada’s Trudeau announces resignation following party pressure amid criticisms of Trump, budget handling
https://www.foxnews.com/world/canadas-trudeau-announces-resignation-following-party-pressure-amid-criticisms-trump-budget-handling
Bloomberg Canada’s Economy Shrank in November for First Time This Year
https://www.bloomberg.com/news/articles/2024-12-23/canada-s-economy-shrank-in-november-for-first-time-this-year
Bloomberg One in Four UK Firms Cut Jobs After Reeves Budget, PMI Shows
https://www.bloomberg.com/news/articles/2025-01-06/one-in-four-uk-firms-cut-jobs-after-reeves-tax-rise-pmi-shows
Bloomberg Number of UK Retailers in Distress Surge 25% in Fourth Quarter
https://www.bloomberg.com/news/articles/2024-12-27/number-of-uk-retailers-in-distress-surge-25-in-fourth-quarter
UK Independent Tax and pay hikes to see UK firms pay £2,300 more per low-wage worker in 2025
https://www.the-independent.com/news/uk/home-news/tax-ni-pay-wages-businesses-b2672875.html
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Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.