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Ontario Faces Job Crisis Amid Trump's Proposed Tariffs

  Ontario Premier Doug Ford has issued a stark warning about the potential impact of U.S. President-elect Donald Trump's proposed tariffs on Canadian goods. Ford estimates that the 25% tariffs could result in the loss of up to 500,000 jobs in Ontario. The actual number of jobs affected will depend on which sectors are targeted, but the potential impact is significant. Ford has called for stronger and more visible action from the federal government to address this looming threat. He emphasized the need for a solid plan to secure the border and ensure economic stability. The Premier also hinted at the possibility of an early election to address the economic fallout from the tariffs. The proposed tariffs are part of Trump's broader strategy to enhance border security and protect American jobs. However, the potential consequences for Ontario's economy are severe, and Ford is urging a unified response from all levels of government.
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Shoppers Kept Spending This Holiday Season

 

  • Holiday Spending: U.S. retail sales increased by 3.1% from Nov. 1 through Dec. 24, with a notable rise in last-minute shopping before Christmas.
  • Sales Breakdown: Online sales grew by 6.3%, while in-store sales saw a 2.2% increase. However, electronics and jewelry sales declined.
  • Economic Impact: Strong consumer spending, particularly on travel and dining, supported the U.S. economy in 2023 despite high interest rates.
  • Retailer Outlook: Retailers reported mixed results for the holiday season, with some experiencing steady sales and others noting a pullback in consumer spending.
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