CANADA PERSPECTIVE

The Globe and Mail covers the Powell investigation closure with factual but analytically rich reporting: Canadian markets reacted positively in the short term, hoping Warsh will be more accommodating than Powell on rates. The National Post recalls Trump had already proposed adding firing squads to federal executions—covering both subjects of the day—but devotes less space. CBC News reports the investigation closure announcement, emphasizing the contrast with previous weeks when Trump openly threatened Powell. The Bank of Canada, which has its own rate policy, will need to manage consequences of a potentially more accommodative Fed on the CAD-USD exchange rate.