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Vonn’s Downhill Hopes Shattered After High‑Speed Crash

                    Lindsey Vonn during Women's Downhill training at the Milano Cortina 2026 Winter Olympics Lindsey Vonn’s bid for a triumphant finish in the women’s downhill final came to an abrupt and frightening end after a high‑speed crash on the upper section of the course. Just seconds into her run, Vonn lost balance after catching the edge of a gate, sending her tumbling across the icy slope. Emergency crews responded immediately, stabilizing her before she was airlifted from the mountain for further medical evaluation. The veteran skier had entered the event with determination despite recent injuries, hoping to reclaim her place among the sport’s elite. Instead, the crash left spectators stunned and raised new concerns about her future in competitive skiing. While details about her condition are still emerging, the incident marked a dramatic and emotional moment in what has already been a challenging season for the d...
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Canada's Economy Contracts Unpredictably: Central Bank's Cautionary Outlook


 Canada’s economy unexpectedly contracted in the second quarter of 2023 at an annualized rate of 0.2% . The growth was most likely flat in July. This result will probably allow the central bank to hold rates amid a possible recession . The second-quarter reading was far lower than the Bank of Canada’s (BoC’s) forecast for a 1.5% annualized GDP growth as well as the 1.2% gain expected by analysts . The quarterly slowdown was largely due to declines in housing investment and smaller inventory accumulation as well as slower international exports and household spending. In June, Canadian wildfires adversely impacted multiple industries, including mining and quarrying and rail transportation.

The figures “leave little doubt that the Bank of Canada will keep interest rates unchanged next week,” said Stephen Brown, deputy chief North American economist for Capital Economics. The central bank hiked its benchmark overnight rate to a 22-year-high of 5.0% in July, the tenth increase since March of last year. Since then, the bank has said its future moves would depend on its reading of the data, which have been mixed.

In conclusion, Canada’s economy has contracted unexpectedly in Q2 2023, and growth was most likely flat in July. This result will probably allow the central bank to hold rates amid a possible recession. The quarterly slowdown was largely due to declines in housing investment and smaller inventory accumulation as well as slower international exports and household spending. The Bank of Canada is expected to keep interest rates unchanged next week, given the recent economic data.

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