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Mark Carney Takes Office as Canada's 24th Prime Minister with a Streamlined Cabinet

Mark Carney was officially sworn in as Canada's 24th Prime Minister in a ceremony at Rideau Hall earlier today. The former central banker, known for his leadership during economic crises, has taken the reins from Justin Trudeau, marking a new chapter for the Liberal government. In his first major move as Prime Minister, Carney unveiled a leaner cabinet, reducing the number of ministers from 39 under Trudeau to just 24. This streamlined team is designed to be more agile and focused on addressing pressing issues, including trade tensions with the United States and economic challenges at home. Notable changes include the elimination of the Deputy Prime Minister role and the appointment of François-Philippe Champagne as Finance Minister, replacing Dominic LeBlanc, who now oversees international trade. Carney emphasized that his cabinet reflects a balance of continuity and change, with experienced ministers retaining key roles while new faces bring fresh perspectives. "Canadians ex...
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Market Rebound Amid Weekly Losses

                                         

U.S. stock futures showed signs of recovery on Friday after a challenging week marked by steep losses. Futures tied to the S&P 500 rose by approximately 0.9%, while the tech-heavy Nasdaq 100 saw a 1.1% increase. The Dow Jones Industrial Average futures also climbed by 0.6%.

This rebound comes after the S&P 500 entered correction territory, joining the Nasdaq Composite in a sharp downturn. The week has been turbulent, with markets reacting to uncertainties surrounding trade policies and economic data. However, optimism grew as political developments suggested a reduced risk of a government shutdown.

Despite the day's positive momentum, all three major indexes are on track for significant weekly losses, reflecting the broader challenges faced by the market. Investors remain cautious as they await further economic indicators and policy updates.

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