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Peace Talks Falter as New Strikes Shake Ukraine

President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan receives the heads of delegations participating in the UAE hosted trilateral talks between the United States, Russia and Ukraine, Director of the Office of the President of Ukraine Kirill Budanov, United States Special Envoy Steve Witkoff, Secretary of the National Security and Defense Council of Ukraine Rustem Umerov, Chief of the Main Directorate of the General Staff of the Russian Armed Forces Igor Kostyukov, and Jared Kushner at Al Shati Palace in Abu Dhabi. US‑mediated negotiations aimed at easing the war in Ukraine ended abruptly without an agreement after Russia launched a series of overnight airstrikes that hit multiple Ukrainian cities and energy facilities. The renewed bombardment intensified pressure on the talks, which had been viewed as a tentative step toward de‑escalation. Diplomats from both sides described the discussions as “constructive but inconclusive,” noting that major sticking points — in...
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Canadian Dollar Faces Continued Weakness Amid Economic Pressures

 


Analysts predict that the Canadian dollar, or "loonie," will continue to weaken due to a combination of factors. The currency has been under significant pressure recently, falling to its lowest level in five years. Several key factors are contributing to this decline:

1. U.S. Dollar Strength: The loonie has been losing ground against the U.S. dollar, which has been gaining strength due to expectations of economic policies under the re-elected former president Donald Trump. Trump's promises of deregulation, tax cuts, and tariffs have bolstered the U.S. dollar.

2. Interest Rate Divergence: The Bank of Canada has been cutting interest rates faster than the U.S. Federal Reserve in an effort to support the Canadian economy. This divergence in monetary policy has put additional downward pressure on the loonie.

3. Political Turbulence: Political instability in Ottawa has also contributed to the loonie's weakness. Uncertainty surrounding trade policies and potential tariffs on Canadian exports to the U.S. has created a challenging environment for the currency.

4. Global Commodity Prices: The loonie is closely tied to global commodity prices, particularly oil. Fluctuations in these prices can have a significant impact on the currency's value.

Economists expect the loonie to remain weak for the foreseeable future, with potential for further declines if trade tensions escalate. However, there is also a possibility of a rebound if global commodity prices rise or if trade negotiations improve.

The continued weakness of the loonie has mixed implications for the Canadian economy. While it benefits exporters by making their products more competitive, it increases the cost of imports and makes travel to the U.S. more expensive for Canadians.

Overall, the loonie's future will depend on a complex interplay of domestic and international factors, making it a key area to watch in the coming months.



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