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Russia Deploys Kalibr-Armed Warship to Mediterranean Amid Rising Tensions

On July 13, 2025, Russia deployed three warships to the Mediterranean Sea, one of which is armed with Kalibr cruise missiles , according to a report from the Ukrainian Navy. The missile carrier is capable of launching up to four Kalibr missiles , adding a new layer of strategic presence in the region. At the same time, Ukrainian officials confirmed that no Russian naval vessels  were detected in the Black Sea or the Sea of Azov  ,marking a shift in maritime focus. Over the past 24 hours, six vessels transited the Kerch Strai t toward the Black Sea, with three continuing toward the Bosphorus Strait , while five ships entered the Sea of Azov. This deployment comes amid ongoing hostilities in Ukraine, where Russian forces reportedly suffered significant losses in recent combat engagements. Analysts suggest the move may be part of a broader effort by Moscow to project power beyond its immediate borders , especially as tensions remain high across multiple fronts. The presence of Ka...

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Latest Bank of Canada rate hike is starting to impact people's finances

 

Rising Borrowing Costs Pose Challenges for Homeowners

As the Latest Bank of Canada Rate Hike Takes Effect, homeowners across the nation are feeling the pinch as borrowing costs rise. The central bank's decision to raise interest rates, aimed at curbing inflation, has started to impact people's finances, particularly those with variable-rate mortgages. With each rate increase, mortgage holders are witnessing an uptick in their monthly payments, putting additional strain on household budgets. As the housing market braces for a potential slowdown, potential homebuyers are facing increased difficulty in qualifying for mortgages due to the higher affordability threshold. Moreover, existing homeowners are grappling with the prospect of rising debt burdens, creating a precarious financial situation for many Canadian families.


Savings Struggles Amidst Soaring Interest Rates

The effects of the Latest Bank of Canada Rate Hike are rippling beyond homeowners, as savers and investors face their own set of challenges. With interest rates on the rise, traditional savings accounts are yielding lower returns, making it harder for individuals to grow their savings. Many Canadians, particularly retirees relying on fixed-income investments, are finding it difficult to maintain their standard of living in the face of inflation and rising living costs. Additionally, the rate hike is impacting consumer spending, as people may become more cautious with their finances in the uncertainty of the changing economic landscape. As the financial strain extends to multiple aspects of people's lives, Canadians are adapting their spending and investment strategies to navigate the evolving financial landscape brought about by the rate increase.

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