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Ken Paxton routed John Cornyn by more than 25 points in the Texas Senate runoff, ending a 24-year career and signalling the MAGA grip on the GOP. Kevin Warsh has opened his Fed chairmanship ahead of the June FOMC. Thursday’s PCE and GDP data loom over a market with Treasury yields near a 16-month high. The Bank of Canada is holding a patient stance as energy provinces outperform. Today’s USA and Canada intelligence brief covers the finance, markets, economy, and politics tape.

United States — Politics