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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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Rising Tensions: Iran Reportedly Planning Strike on Israel from Iraq

 

According to recent reports from Axios, Israeli intelligence has indicated that Iran is preparing to launch a significant retaliatory strike on Israel from Iraqi territory within the next few days. This development comes amidst escalating tensions between the two nations, following a series of tit-for-tat military actions.

The anticipated attack is expected to involve a large number of drones and ballistic missiles, potentially targeting strategic locations within Israel. Israeli sources suggest that Iran might be using pro-Iranian militias in Iraq to carry out the strike, possibly to avoid direct retaliation on Iranian soil.

This move is seen as a response to Israel’s recent airstrikes on Iranian military infrastructure, which were themselves a reaction to Iran’s earlier missile barrage against Israel. Iranian officials have vowed a “definitive and painful” response, with high-ranking sources indicating that the retaliation will be unlike any previous scenarios.

As the situation develops, the international community watches closely, hoping for a de-escalation of hostilities in the region.


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