The Peak Daily Tru-done šØāš¼ ā Trudeau calls it quits, Scotiabank says adios to Latin America.
Jan 7, 2025
Political turbulence looms as the Prime Minister faces declining approval ratings and pressure to resign. Scotiabank pivots from its Latin American endeavors, aiming for expansion closer to home. The podcast also explores market dynamics, including a significant U.S. acquisition by Scotiabank and Barrick Gold's challenges in Mali. Exciting innovations unfold too, like John Deere's advancements in autonomous farming and the merging of Fubo TV and Disney, reshaping the landscape of entertainment.
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Trudeau's Resignation
- Justin Trudeau resigned as leader of the Liberal Party, suspending Parliament until March 24th for leadership selection.
- This gives the new leader limited time to address the Conservatives' substantial lead in the polls before the upcoming federal election.
Scotiabank's Strategic Shift
- Scotiabank is shifting its focus from Latin America to Quebec, the US, and Mexico.
- This follows disappointing investments in Latin America and a trend of better performance among Canadian banks that prioritize domestic operations.
Barrick Gold's Mali Mine Closure
- Barrick Gold might shut down its Mali mine due to ongoing interference from the Malian military with its gold exports.
- The company has faced several challenges in Mali, including the imprisonment of four senior employees.