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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