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Canada’s Housing Market Faces Headwinds Despite BoC Moves

The Bank of Canada’s 25-basis-point cut in September was at best ignored by the national market, with sales falling 1.7 per cent compared to the month before. The Bank of Canada’s recent interest rate adjustments have done little to revive the country’s housing market, which continues to struggle under the weight of broader economic concerns. In September, the central bank cut its policy rate by 25 basis points, bringing it to 2.5%. Yet, instead of sparking renewed activity, national home sales actually fell by 1.7% compared to the previous month.  Economists note that the housing market is no longer moving in lockstep with monetary policy, but is instead being shaped by regional affordability challenges, consumer psychology, and—most critically—job security fears. Uncertainty surrounding U.S. trade policy has also cast a shadow over Canada’s economic outlook. Businesses remain hesitant to invest, and households are wary of making major financial commitments such as home purchas...

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Health Crisis in Gaza: Children Suffer Amid Overcrowded Camps

 

In the overcrowded tent camps of Gaza, a health crisis is unfolding as children suffer from a range of skin diseases. Health officials report a surge in cases of lice, scabies, and rashes, exacerbated by the dire living conditions. Over 103,000 cases of lice and scabies and 65,000 cases of skin rashes have been documented.

The root of the problem lies in the appalling conditions within the camps, which house hundreds of thousands of Palestinians displaced from their homes. The summer heat, combined with a collapse in sanitation, has created an environment ripe for disease. Pools of open sewage and a lack of clean water have left families struggling to maintain basic hygiene.

Parents describe the heartbreaking reality of watching their children suffer. “There’s no shampoo, no soap,” says Munira al-Nahhal, a resident of one of the camps. “The water is dirty. Everything is sand and insects and garbage.” Children are often seen scratching at red patches on their skin, with some developing open sores from constant irritation.

Efforts to combat the spread of these diseases are hampered by the lack of resources. Clean water is scarce, and many families resort to washing their children in salt water from the Mediterranean. The situation is further compounded by the ongoing conflict, which has left the region’s infrastructure in ruins.

As the crisis continues, the need for international aid and intervention becomes increasingly urgent. Without immediate action, the health and well-being of Gaza’s children remain at severe risk.



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