Skip to main content

Featured

Rising Tensions: Reports Hint at Possible U.S. Move Toward Iran

In this frame grab from footage circulating on social media from Iran, protesters once again take to the streets of Tehran despite an intensifying crackdown as the Islamic Republic remains cut off from the rest of the world in Tehran, Iran, January 10, 2026. Regional tensions have intensified as Israeli officials place the country on heightened alert amid growing speculation that the United States may be preparing to take action involving Iran. The shift comes at a moment when Iran is facing widespread domestic unrest, with demonstrations erupting across major cities and drawing international attention. Washington has issued increasingly sharp warnings to Iran’s leadership about the use of force against protesters, emphasizing that the U.S. is monitoring the situation closely. While American officials have not confirmed any operational plans, the possibility of U.S. involvement is being taken seriously by regional governments. The heightened alert follows a period of volatility mark...
Post a Comment
Read more

article

Labels

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.

Labels:

Comments

Post a Comment