Skip to main content

Featured

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...

article

Israel’s Strategic Alliance: Thwarting Iran’s Unprecedented Attack


Israeli leaders find themselves at a critical juncture following the recent direct Iranian attack involving hundreds of drones and missiles. The coordinated response, led by an international military coalition, has been hailed as a starting point for a “strategic alliance” of regional opposition to Tehran. However, as the world watches with bated breath, Israel’s War Cabinet remains silent on the next steps.

The military coalition, spearheaded by the United States, Britain, and France, and seemingly including several Middle Eastern countries, provided crucial support to Israel. At a time when Israel faces isolation over its conflict with Hamas in Gaza, this coalition’s backing is significant. Moreover, it could serve as a blueprint for future regional relations beyond the current crisis.

“This was the first time that such a coalition worked together against the threat of Iran and its proxies in the Middle East,” stated Rear Adm. Daniel Hagari, the Israeli military spokesman.

While Israel credits the coalition for intercepting the vast majority of the approximately 350 drones and missiles launched by Iran, questions linger about which of Israel’s neighbors participated in this defense. Israeli military officials and key War Cabinet members allude to additional “partners” without revealing their identities. Even White House national security spokesman John Kirby remains tight-lipped on the matter.

One of these covert partners appears to be Jordan. The Jordanian Foreign Minister, Ayman al-Safadi, emphasized that Jordan acted in self-defense due to the real danger posed by Iranian projectiles. “If this danger came from Israel, Jordan would take the same action,” he asserted.

The United States has long sought to forge a regionwide alliance against Iran, aiming to integrate Israel and strengthen ties with Arab nations. Initiatives like the 2020 Abraham Accords, which established diplomatic relations between Israel and four Arab countries, demonstrate progress. Additionally, having Israel within the U.S. military’s Central Command, which collaborates closely with moderate Arab states, further underscores this effort.

Despite the ongoing war in Gaza, which has claimed over 33,700 Palestinian lives, behind-the-scenes cooperation persists. The White House remains hopeful about postwar plans, including the potential for Israel-Saudi ties.

As the world holds its breath, Israel weighs its next moves carefully. The shadow war has escalated, and the strategic alliance forged in this crisis may shape the region’s future.


Comments