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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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Khamenei Warns of Severe Repercussions for US and Israel

 


In a recent address, Iran's Supreme Leader Ayatollah Ali Khamenei issued a stern warning to the United States and Israel, stating that they would face a "crushing response" for their actions against Iran. This declaration comes amid escalating tensions in the region following a series of confrontations.

Khamenei's remarks were made during a speech to students in Tehran, where he emphasized that both the US and Israel would undoubtedly receive a severe retaliation for their actions against Iran and its allies. The Supreme Leader's comments were in response to recent Israeli airstrikes on Iranian military bases, which were themselves a reaction to an Iranian missile attack on Israel.

The situation has heightened fears of a broader conflict in the Middle East, with both sides exchanging threats and military actions. Khamenei's speech highlighted the resolve of Iran and its allied groups, including Hezbollah and Hamas, to respond forcefully to any aggression.

As the region braces for potential further escalations, the international community watches closely, hoping to avoid a full-scale conflict that could have far-reaching consequences.

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