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Canada Holds Steady: Interest Rate Pause Signals Cautious Confidence

                      The Bank of Canada also held its policy rate at its last scheduled rate announcement in December. The Bank of Canada has opted to keep its key interest rate at 2.25% , a move that underscores a careful balancing act as the country approaches a pivotal moment in North American trade relations. With CUSMA (the Canada‑United States‑Mexico Agreement) negotiations on the horizon, policymakers appear intent on maintaining stability while assessing potential economic turbulence. The decision reflects a mix of optimism and prudence. Inflation has been easing gradually, giving the central bank some breathing room. At the same time, global economic uncertainty and the high stakes of upcoming trade talks mean officials are reluctant to introduce new variables into the financial system. By holding the rate steady, the Bank of Canada signals confidence in the economy’s underlying resilience while acknowledgin...
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Iran Fires Air Defenses at Isfahan Base and Nuclear Site After Drones Spotted



In a dramatic turn of events, Iran’s air defenses were activated early Friday morning near the central city of Isfahan. The reason? Suspected Israeli attack drones were spotted in the vicinity of a major air base and a nuclear site. The incident comes as a retaliation for Tehran’s unprecedented drone-and-missile assault on Israel.

While no Iranian official directly acknowledged the possibility of an Israeli attack, tensions have been running high since the Saturday assault on Israel during its conflict with Hamas in the Gaza Strip. Israel has also been targeting Iran in Syria, further escalating the situation.

Italian Foreign Minister Antonio Tajani revealed that the U.S. received “last-minute” information from Israel about the attack on Isfahan. However, U.S. Secretary of State Antony Blinken clarified that the U.S. was not involved in any offensive operations.

The apparent attack coincided with Iranian Supreme Leader Ayatollah Ali Khamenei’s 85th birthday. Israeli politicians have hinted at their country’s involvement in the incident, but the Israeli military has remained silent on the matter.

Air defense batteries were activated in several provinces as reports of drones circulated. Iranian army commander Gen. Abdolrahim Mousavi confirmed that crews targeted several flying objects. Fortunately, the explosion in the sky of Isfahan caused no damage.

The Isfahan air base, which houses Iran’s fleet of American-made F-14 Tomcats, was one of the targets. Additionally, the nuclear site near Isfahan, known as the Uranium Conversion Facility, was also under scrutiny. This facility handles fuel production and other activities related to Iran’s civilian nuclear program.

As tensions continue to simmer, the situation remains precarious. The world watches closely, hoping for a de-escalation of hostilities between Iran and Israel.

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