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Strategic Alliances in a Shifting Global Landscape

In a world marked by geopolitical tensions and shifting alliances, Russian President Vladimir Putin and Chinese President Xi Jinping have positioned themselves as defenders of a new world order. Their recent meeting in Moscow, coinciding with the 80th anniversary of the end of World War II, underscored their commitment to countering Western influence and promoting a multipolar global system. During the talks, Putin and Xi emphasized their shared vision of international stability, rejecting what they described as "unilateralism and bullying"—a veiled reference to the United States. Xi reaffirmed China's support for Russia, highlighting their strategic partnership and mutual interests in shaping global governance. The leaders also pledged to safeguard the authority of the United Nations and advocate for the rights of developing nations. This alliance comes at a critical time, as both nations face economic and political challenges. Russia continues to navigate Western sancti...
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Canadian Home Sales See Steady Growth in September

 

In September 2024, Canadian home sales experienced a notable increase, rising by 1.9% compared to the previous month. This marks a significant annual growth of 6.9%, according to data released by the Canadian Real Estate Association (CREA) on Tuesday.

The uptick in sales comes in the wake of the Bank of Canada’s third interest rate cut this year, which has contributed to a more favorable borrowing environment for homebuyers. Despite the increase in sales, the number of properties listed for sale remains below historical averages, with 185,427 properties available on Canadian MLS® Systems at the end of September.

This steady growth in the housing market reflects a resilient demand for homes across the country, even as economic conditions fluctuate. The continued interest rate cuts are expected to further stimulate the market, potentially leading to more robust sales figures in the coming months.


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