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Washington Presses Israel to Halt Strikes on Iran’s Energy Network

  Smoke rises in Sharjah, following reports of Iranian attacks after United States and Israel strikes on Iran, in Sharjah, United Arab Emirates, March 1, 2026. The United States has urged Israel to stop its ongoing attacks on Iran’s energy infrastructure, according to multiple reports citing senior U.S. and Israeli officials. Key Developments U.S. officials delivered the request at high political levels and directly to IDF Chief of Staff Eyal Zamir.  The Trump administration outlined several strategic concerns: A desire to maintain the possibility of future cooperation with Iran’s oil sector after the conflict. Fears that continued strikes could harm Iranian civilians.  Warnings that Iran might retaliate with large-scale attacks on Gulf energy infrastructure, a scenario described as a potential “doomsday option.”  Context The request marks a rare moment in which Washington is attempting to restrain Israeli military actions, despite the two nations having ...
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Economic Headwinds: Canada Braces for a Challenging Year Ahead

 

As the world cautiously emerges from an aggressive cycle of interest rate hikes, a sense of optimism has begun to permeate global markets. The United States, in particular, has exceeded economic growth expectations. However, this newfound hope may not extend to Canada, where economists warn of tougher times ahead.

High Recession Risks: Canada faces a unique set of challenges, including high household debt and a housing market that’s cooling more rapidly than anticipated. Economists from Toronto Dominion and Bank of Montreal predict a “bumpier landing” for Canada, with growth expected to decelerate sharply in the coming year.

Consumer Spending Slowdown: The tightening of consumer belts is anticipated to peak soon, significantly slowing spending and contributing to an economic slowdown. Business investments are also expected to retract, further dampening growth prospects.

Potential Rate Cuts: In response to stalling growth, the Bank of Canada may initiate interest rate cuts as early as spring. While the exact timing and extent of these cuts remain uncertain, they represent a glimmer of hope for an economy on the brink of recession.

In conclusion, while the global economy shows signs of recovery, Canada must navigate a precarious path, balancing the need for fiscal prudence with measures to stimulate growth and mitigate the risk of a recession.

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