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Israel’s Determination Amidst US Arms Embargo Threat

Israeli Prime Minister Benjamin Netanyahu has asserted Israel’s readiness to “stand alone” in the face of a potential US arms embargo. The stern declaration comes as tensions escalate in Rafah, Gaza, where Israeli forces are poised for a possible full-scale invasion to combat Hamas militants. Defiant Stance : Netanyahu evoked the spirit of the 1948 War of Independence, emphasizing Israel’s historical resilience and capability to triumph despite arms embargoes and overwhelming odds. US Warning : President Joe Biden has threatened to withhold critical military supplies, including artillery shells, if Israel proceeds with an invasion of Rafah, citing concerns over civilian casualties. Humanitarian Crisis : The UN reports over 80,000 people have fled Rafah amidst continuous bombardment, with essential supplies like food and fuel dwindling for those remaining. Continued Conflict : Despite peace talks faltering and the US’s stance, Israel maintains that victory over Hamas is unattainable wit
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The Burden of Rising Borrowing Costs: Canadians Struggle to Make Ends Meet

The rising cost of borrowing is placing a significant burden on Canadians, making it increasingly difficult for them to make ends meet.The prime rate at Canada’s six largest banks increased to 7.2% right after the Bank of Canada’s latest rate hike on Wednesday, further tightening access to credit and the cost of borrowing for Canadians.

As interest rates continue to climb, the cost of borrowing money, whether through mortgages, loans, or credit cards, is becoming more expensive. This situation is particularly challenging for individuals and families with already stretched budgets, as higher interest payments eat into their disposable income. The increased financial strain leaves many Canadians struggling to cover essential expenses such as housing, utilities, and groceries, leading to heightened levels of financial stress and hardship. Furthermore, the higher cost of borrowing also hampers individuals' ability to save for the future or invest in education or business ventures, hindering their long-term financial stability. As a result, it is crucial for policymakers and financial institutions to address this issue and implement measures to alleviate the burden of borrowing costs on Canadians.

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