Canadian Prime Minister Justin Trudeau faced a significant challenge as Finance Minister Chrystia Freeland resigned, raising questions about his leadership as his popularity declines. Trump criticized Freeland on social media, calling her behavior toxic. Trudeau quickly replaced Freeland with close ally Dominic LeBlanc, focusing on the cost of living and finding common ground with President-elect Donald Trump. Calls for Trudeau’s resignation have been made by opposition leader Jagmeet Singh, but a no-confidence vote is not imminent. Freeland resigned after disagreements with Trudeau over economic policies, warning against costly political gimmicks.
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Unemployment claims rise to highest level in 8 months, signaling slowdown in job market
Initial claims for U.S. unemployment benefits rose to 247,000 last week, the highest in eight months, indicating potential labor market weakness amid tariff concerns. Although overall unemployment filings remain low at 1.9 million, the increase in jobless claims suggests broader workforce shifts, as hiring rates slow and layoffs rise, particularly among large companies like Procter & Gamble and Walmart. The Labor Department's upcoming report is expected to show a decrease in job additions for May,...
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