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Allies Push Back on U.S. Peace Proposal in Geneva Talks

The United States Permanent Mission is shown in Geneva on Sunday, as Ukraine and its allies gather ahead of a meeting with a U.S. delegation to discuss an American peace proposal to end the war on Ukraine. Ukraine and its Western allies gathered in Geneva on Sunday to deliberate over a U.S.-proposed peace plan aimed at ending Russia’s war on Ukraine. The plan, advanced by President Donald Trump’s administration, has stirred unease in Kyiv and across Europe, with critics warning it leans too heavily toward Moscow’s interests. Led by Ukrainian presidential chief of staff Andrii Yermak , the delegation first met with national security advisers from the U.K., France, and Germany before preparing for discussions with U.S. Secretary of State Marco Rubio , Army Secretary Dan Driscoll , and special envoy Steve Witkoff . Yermak described the mood as “constructive,” emphasizing that Ukraine and its allies remain committed to achieving a “lasting and just peace.” European officials, however,...
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C$ falls to a four-week low against the US dollar as investors watch the economy's reaction to rate hikes

 


The Canadian dollar (C$) has slipped against the US dollar as investors are keeping a close eye on the economy's reaction to rate hikes. The C$ fell to a near four-week low against the US dollar, trading 0.4% lower at 1.3395 to the greenback, or 74.65 US cents. The Bank of Canada (BoC) has said that a slowdown in the domestic economy is an indication that its monetary policy is working. Money markets expect the central bank to cut its benchmark interest rate in April after holding it at a 22-year high of 5% for a third straight policy meeting in December. Canadians borrowed heavily during the pandemic to participate in a red-hot housing market. The BoC has said that the domestic economy is particularly sensitive to higher borrowing costs. 



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