Skip to main content

Featured

Russia Deploys Kalibr-Armed Warship to Mediterranean Amid Rising Tensions

On July 13, 2025, Russia deployed three warships to the Mediterranean Sea, one of which is armed with Kalibr cruise missiles , according to a report from the Ukrainian Navy. The missile carrier is capable of launching up to four Kalibr missiles , adding a new layer of strategic presence in the region. At the same time, Ukrainian officials confirmed that no Russian naval vessels  were detected in the Black Sea or the Sea of Azov  ,marking a shift in maritime focus. Over the past 24 hours, six vessels transited the Kerch Strai t toward the Black Sea, with three continuing toward the Bosphorus Strait , while five ships entered the Sea of Azov. This deployment comes amid ongoing hostilities in Ukraine, where Russian forces reportedly suffered significant losses in recent combat engagements. Analysts suggest the move may be part of a broader effort by Moscow to project power beyond its immediate borders , especially as tensions remain high across multiple fronts. The presence of Ka...
Post a Comment
Read more

article

Labels

Canadian Market Wobbles Amid Tax Hike Concerns

 

In a climate of financial uncertainty, Canada’s main stock index, the S&P/TSX composite, dipped to a five-week nadir. Investors, already grappling with rising long-term borrowing costs, now face the specter of increased taxation. This trepidation stems from anticipations surrounding the imminent federal budget, which may include tax hikes as a measure to balance the government’s heavy spending.

The index’s downturn reflects a broader sentiment of caution, with the energy sector seeing a 1.7% decline and technology stocks falling by 1.3%. The financial sector was not immune to the downturn, experiencing a 0.6% drop. These figures are emblematic of a market poised on the brink of potential fiscal tightening, as the government seeks avenues to bolster its coffers in the face of expansive fiscal policies.

As the market awaits the consumer price index report, expected to reveal a rise in inflation to an annual rate of 2.9%, the air is thick with anticipation. The outcome of this report, coupled with the federal budget’s tax proposals, will likely be pivotal in shaping the market’s trajectory in the coming weeks.

Labels:

Comments

Post a Comment