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People's March: Thousands Rally in Washington Against Trump Ahead of Inauguration

  Thousands of demonstrators, predominantly women, took to the streets of Washington, D.C., on Saturday to protest President-elect Donald Trump just days before his inauguration. The event, known as the People's March, has been held annually since 2017 and was previously called the Women's March. The march, organized by a coalition of groups with varied interests such as climate change, immigration, and women's rights, aimed to confront "Trumpism" and draw on past successes against autocrats. Despite expectations of 50,000 participants, around 5,000 people gathered at three parks before marching to the Lincoln Memorial for the rally. Protesters carried signs with messages like "Feminists v. Fascists" and "People over politics," and many wore the iconic pink "pussy hats" from the 2017 Women's March. The event highlighted a range of issues, including gender justice, bodily autonomy, and democracy. The People's March has evolved ...
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Bank of Canada Cuts Key Interest Rate to 4.5% Amid Economic Concerns

 

The Bank of Canada has reduced its benchmark interest rate by 25 basis points, bringing the overnight rate down to 4.5%. This marks the second consecutive rate cut by the central bank, a move widely anticipated by economists.

The decision comes in response to continued progress in reducing inflation and weakening economic conditions. Canada’s annual inflation rate fell to 2.7% in June, down from a temporary spike in May. The central bank aims to bring inflation closer to its 2% target while addressing the risks of economic slowdown.

Governor Tiff Macklem emphasized that the path to achieving the inflation target will not be straightforward and that future rate cuts will depend on the progression of inflation. The Bank of Canada is carefully monitoring the balance between easing price pressures and persistent inflation in certain sectors, such as housing and services.

The rate cut is expected to provide some relief to borrowers and stimulate economic activity, but it also reflects the central bank’s cautious approach to navigating the current economic landscape.


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