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Carney Urges Calm as Trump Escalates Tariff Dispute with Canada

                                                      Canada Prime Minister Mark Carney Canadian Prime Minister Mark Carney sought to reassure Canadians after U.S. President Donald Trump announced a 10% hike on tariffs targeting Canadian imports. The move, triggered by a controversial Ontario government advertisement aired during the World Series, has reignited trade tensions between Ottawa and Washington. Carney, speaking while on a trip to Asia, emphasized that Canada “will not be bullied” and highlighted his government’s strategy to diversify trade partnerships, particularly with Asian markets.He underscored that Ottawa remains open to dialogue with Washington but will continue to protect Canadian workers and industries. The tariff escalation comes at a sensitive moment, as both countries had been negotiating to ease earlie...
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ECB Maintains Record High Interest Rate Amid Debate Over Timing of Cuts

 

The European Central Bank (ECB) has decided to keep its key interest rate at a record high of 4% . The decision comes amid a growing debate over the timing of cuts, with some economists predicting a policy pivot starting in April and rate cuts of 150 basis points this year .

The ECB’s decision to maintain the interest rate at its current level is aimed at battling inflation, which has been ravaging the economy. The head of the ECB has warned that cutting interest rates too soon could threaten Europe’s progress in battling inflation.


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