Wall Street Breakfast Trudeau’s potential exit lifts Canadian dollar
Jan 6, 2025
Canada's Prime Minister Trudeau is expected to resign soon, stirring up political uncertainty and boosting the Canadian dollar. Meanwhile, Paychex is in negotiations to acquire rival Paycor HCM, signaling potential shifts in the payroll industry. Additionally, Italy is discussing a substantial $1.6 billion deal with SpaceX for telecom security services. Each of these developments reflects significant economic dynamics at play.
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Trudeau's Potential Resignation
- Canadian Prime Minister Justin Trudeau may resign, impacting the Canadian dollar.
- The Canadian dollar strengthened following reports of Trudeau's potential resignation.
Paychex and Paycor Merger
- Paychex is in talks to acquire its smaller competitor, Paycor HCM.
- The deal, if finalized, could be announced as early as this week.
Italy and SpaceX Deal
- Italy is negotiating a $1.6 billion deal with SpaceX for secure government communications.
- The deal includes encryption and communication services for the military and emergency services.