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The Rate Cuts Are Over — Is a Hike Coming?

  July 23, 2026 Oil shocks, sticky inflation and a technical recession are pulling the Bank of Canada in opposite directions at once. For most of the past two years, the only question about the Bank of Canada was how far and how fast it would cut. The overnight rate fell from 5.00% to 2.25% between June 2024 and October 2025, one of the sharpest easing cycles in the Bank's history, and it has held there through six consecutive decisions since. That story is now over. The question on the table for the rest of 2026 isn't whether the Bank cuts again — it's whether the next move is actually a hike. Two conflicting signals, one Bank The case for staying put — or even cutting — comes from the growth side of the ledger. Statistics Canada data showed the economy contracted in both the fourth quarter of 2025 and the first quarter of 2026, meeting the informal definition of a technical recession. That was enough to have some economists warning the Bank had no room to raise rates at a...
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Why ISIS Targeted Russia: Insights into the Moscow Concert Hall Attack

 


In a brazen and deadly attack, assailants stormed Moscow’s Crocus City Hall during a concert, leaving more than 133 people dead and over 100 injured. The concertgoers were attending a performance by a Soviet-era rock band when the violence erupted. The attackers, dressed in camouflage uniforms, opened fire and reportedly hurled explosive devices inside the venue. The concert hall was left in flames, its roof collapsing after the assault.

The Islamic State in Khorasan Province (ISIL-K), also known as ISIL’s Afghan branch, has claimed responsibility for this horrific incident. United States officials have confirmed the authenticity of this claim. But why would ISIS target Russia?

The Motive Behind the Attack

  1. Russia’s Involvement in Syria: Like the United States, Russia has been actively engaged in the fight against Daesh (ISIS) in Syria. The terrorist group perceives both countries as hostile due to their military actions against ISIL.

  2. ISIL-K’s Radical Ideology: ISIL-K remains one of the most active ISIL affiliates. Its brutal reputation is built on radical and tough methodologies. The group’s ideology inspires them to select targets strategically. Moscow, being a major global capital, becomes a prime location for their violent acts.

  3. Historical Context: Russia’s historical involvement in the region, including its presence in Afghanistan and Iran, adds to the group’s perception of Russia as a target.

As ISIL-K continues to operate, we may witness more attacks, possibly in other capitals. The tragedy at Moscow’s concert hall serves as a grim reminder of the ongoing threat posed by extremist groups.


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