Skip to main content

Featured

UN Security Council Endorses US-Led Gaza Initiative

    US President Donald Trump talks with Israel's Prime Minister Benjamin Netanyahu at the Knesset in Jerusalem The United Nations Security Council has adopted a resolution put forward by the United States in support of President Donald Trump’s plan for Gaza. The measure, which passed after intense negotiations among member states, outlines a framework aimed at stabilizing the region and addressing humanitarian concerns. The resolution emphasizes international cooperation in delivering aid, rebuilding infrastructure, and supporting security arrangements designed to prevent further escalation. While the US hailed the adoption as a diplomatic breakthrough, several council members expressed caution, noting that the plan’s long-term success will depend on the willingness of local stakeholders to engage constructively. Observers say the vote reflects both the urgency of the humanitarian crisis in Gaza and the geopolitical weight of Washington’s involvement. The coming months wil...
Post a Comment
Read more

article

Labels

Canada’s inflation rate drops to 3.1% in October

 


According to Statistics Canada, the annual rate of inflation in Canada held steady at 6.9% in October amid dropping pressure on grocery prices. October’s Consumer Price Index (CPI) reading matches that of September. Economists had been expecting the CPI to accelerate last month as gas prices rose in October. However, prices at the pump were 9.2% higher in October than the month previous, putting blame on a weaker Canadian dollar and cuts in production from OPEC.

The headline rate eased in late 2022 as gasoline prices fell, but key sources of inflationary pressure, including food and shelter, showed little signs of moderating . However, the inflation rate cooled down to 3.1% in October 2023, as gas prices dropped . This is a positive sign for the economy as it indicates that the Bank of Canada’s efforts to ease price pressures are working.

Title: Canada’s Inflation Rate Cools Down to 3.1% in October 2023 as Gas Prices Drop

In conclusion, the inflation rate in Canada has been a cause of concern for the government and the public alike. The recent drop in gas prices has brought some relief to the economy, but the government needs to continue its efforts to bring the inflation rate down to a more manageable level.

Labels:

Comments

Post a Comment