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5 Things to Know Today: Canada’s Money Headlines

1. Bank of Canada expected to hold rates amid Iran‑war price pressures The Bank of Canada is preparing its next rate decision, with policymakers weighing inflation risks tied to the Iran conflict. Markets expect a hold as the Bank releases its new monetary policy report this week.  2. Oil & energy costs rise as global uncertainty persists Oil prices climbed more than US$2.50 as geopolitical tensions continue to influence global supply expectations. Canadian producers are also facing scrutiny, including Cenovus’s Newfoundland oilfield extension, which is projected to increase emissions by 21%. 3. Inflation pressures remain elevated for Canadian households Canada’s annual inflation rate rose to 2.4% in March , driven largely by higher gas prices. Rising costs continue to squeeze consumers, with food and essentials remaining stubbornly expensive.  4. Retail sales slow as Canadians pull back New data shows retail sales growth is losing momentum as households tighten bu...
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Israeli Strikes Claim Lives in Gaza: A Tragic Day for Al-Shati and Al-Tuffah

 

In a devastating turn of events, Israeli attacks on districts of Gaza City have left at least 42 people dead, according to Ismail Al-Thawabta, the director of the Hamas-run government media office. The violence unfolded on Saturday, with one strike targeting houses in Al-Shati, one of Gaza’s historic refugee camps, resulting in the loss of 24 lives. An additional 18 Palestinians were killed in a separate strike on houses in the Al-Tuffah neighborhood.

The Israeli military has confirmed its involvement, stating that fighter jets struck two Hamas military infrastructure sites in the area of Gaza City. Further details are expected to emerge soon. The situation remains tense, and the toll on civilian lives is deeply tragic.

Our thoughts are with the affected families during this difficult time. The conflict continues to escalate, and the international community must urgently seek a peaceful resolution to prevent further loss of life.

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