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Lebanese PM Urges Caution Amid Rising Regional Tensions

                                                       Lebanese Prime Minister Nawaf Salam Lebanese Prime Minister Nawaf Salam has issued a firm warning against pulling the country into what he described as “adventures” that could endanger national security and unity. His remarks come at a moment of heightened regional volatility following coordinated strikes by Israel and the United States on Iran.  Salam emphasized the gravity of the situation, urging all Lebanese factions to act with “wisdom and patriotism” and to prioritize the interests of the nation above external pressures or political agendas. Though he did not name Hezbollah directly, his message was widely interpreted as a caution to the Iran‑backed group, which has historically been involved in conflicts with Israel and has signaled it may not remain neutra...
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Bank of Canada Holds Key Interest Rate at 5% Amid Speculation of a June Cut

 



The Bank of Canada (BoC) has maintained its benchmark interest rate at 5% in its third update of the year. However, the central bank has hinted that a rate cut in June is “within the realm of possibilities.” Governor Tiff Macklem emphasized the need for sustained progress on inflation before any decisive action is taken.

Recent data has fueled speculation about a potential rate cut. Notably, core inflation has eased, and the jobs market has stalled. While the BoC expects core inflation to continue its gradual decline, rising gas prices may keep the Consumer Price Index (CPI) hovering around 3% in the coming months.

Governor Macklem emphasized that the central bank will closely monitor inflation trends. The decline in core inflation must be more than a temporary blip to warrant a rate cut. The BoC seeks assurance that this downward trend is sustainable.

Analysts surveyed by Reuters had anticipated the BoC’s decision to maintain the key overnight rate at 5% for the sixth consecutive meeting. However, recent developments have shifted expectations. BMO Capital Markets’ Canadian rates and macro strategist, Benjamin Reitzes, described the BoC’s statement as “mildly more dovish.” While June remains a possibility, the upcoming CPI reports will play a crucial role in shaping the central bank’s next move.

In summary, the Bank of Canada’s decision to hold the rate steady reflects cautious optimism. As we approach June, all eyes will be on inflation indicators, determining whether the path to price stability warrants a rate adjustment. 

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