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Missile Barrage Deepens Middle East Crisis as Iran Mocks Trump’s Strait Proposal

                                   Emergency personnel respond at a site following Iranian missile barrages in central Israel Iran unleashed multiple waves of missiles on Israel, intensifying a conflict already engulfing the Middle East. The strikes came just a day after U.S. President Donald Trump claimed “very good and productive” talks were underway to halt the war. Israeli officials, however, doubted Iran would accept U.S. terms, and Tehran insisted no negotiations had taken place.  Tehran openly ridiculed Trump’s suggestion that the U.S. and Iran could jointly control the Strait of Hormuz, posting an image of a child’s pink toy steering wheel on social media. The symbolic jab underscored Iran’s rejection of Washington’s overtures and highlighted the growing influence of the Islamic Revolutionary Guard Corps, whose former commander Mohammad Baqer Zolqadr was appointed to l...
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Canadian Housing Starts Plunge 22% in November as Higher Rates Bite



Canadian housing starts fell by 22% in November from the previous month, missing estimates by a wide margin, as higher borrowing costs hurt groundbreaking on multiple unit and single-family detached urban homes, data from the national housing agency showed on Friday.

The seasonally adjusted annualized rate of housing starts fell to 212,624 units from a downwardly revised 272,264 units in October, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists polled by Reuters expected starts to decrease to 257,100 in November.

As the more difficult borrowing conditions and labour shortages now seem to be showing in the starts numbers, we can expect to see continued slower starts rates in the coming months, according to CMHC’s deputy chief economist Kevin Hughes.


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