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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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Solar Eclipse 2024: A Celestial Spectacle Over Canada

 


On April 8, 2024, Canadians will witness a rare and awe-inspiring event—the total solar eclipse. As the Moon gracefully glides between the Sun and Earth, several parts of the country will experience moments of darkness during this celestial dance.

Where and When to Catch the Eclipse

  • Totality Cities: Key cities like Niagara Falls and Kingston in Ontario, Montreal, Fredericton, Summerside (P.E.I.), and Gander (N.L.) will be plunged into darkness for several minutes.
  • Partial Eclipse: Other locations such as Vancouver, Calgary, Regina, Winnipeg, and Toronto will witness partial total eclipses.
  • Timings: The partial eclipse begins around 2 p.m. EDT as it enters Canada’s southeastern Ontario border. In the northeastern Canadian regions along the path, expect the sun’s light to gradually dim around 4 p.m. EDT.

Once in a Lifetime

Considering that the last time a total solar eclipse crossed Canada was in 1979, this event is truly exceptional. It’s no wonder Canadians are eagerly flocking to prime viewing spots. After all, the next one won’t grace our skies until 2044!

Safety First

As you prepare to witness this cosmic spectacle, remember to protect your eyes with proper eclipse glasses. Chaos may not ensue, but excitement certainly will. Let’s marvel at the universe’s grandeur together!

For live updates and on-the-ground coverage in Niagara Falls, Vancouver, Halifax, and Toronto, follow along with Yahoo Canada. And don’t forget to mark your calendars—April 8, 2024—a day when the heavens put on a show just for us.

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