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Winter Under Fire: Russian Strikes Plunge Ukrainian Cities Into Darkness

          Ukranian emergency services battled a number of fires after an intense wave of Russian strikes.  Russian missile and drone strikes have once again battered Ukraine’s energy infrastructure, leaving parts of the country without heat or electricity during freezing winter temperatures. At least four people were killed in Kharkiv, where residential areas and power facilities suffered significant damage. Kyiv and several other regions also experienced widespread outages as emergency crews worked through the night to restore essential services. Ukrainian officials reported that the assault involved hundreds of drones and dozens of missiles, overwhelming parts of the nation’s air‑defense systems. Although many projectiles were intercepted, the scale of the attack caused fires, structural damage, and prolonged blackouts. President Volodymyr Zelenskiy condemned the strikes as part of Russia’s ongoing effort to break civilian morale by targeting cri...
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Canadian Service Sector Shrinks for Seventh Straight Month in December

 


According to S&P Global Canada services PMI data, the Canadian service sector shrank for the seventh consecutive month in December 2023, as elevated borrowing costs weighed on the housing market. The headline business activity index edged up to 44.6 in December from a near three-and-a-half-year low of 44.5 in November. However, it remained well below the 50 threshold that separates growth from contraction.

The Canadian service sector is a significant contributor to the country’s economy, and its contraction could have far-reaching implications. The sector includes industries such as finance, insurance, real estate, professional services, and retail trade. The contraction of the service sector could lead to a decline in employment opportunities and a decrease in consumer spending.


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