Skip to main content

Featured

Canada's GDP Report Is Out Today — Here's What It Means for Your Wallet

Canada GDP Report June 2026 — MoneySavings.ca This morning, Statistics Canada releases its GDP by industry data for April 2026 — along with a flash estimate for May. The timing couldn't be more significant: Canada has technically entered a recession, and the Bank of Canada's next rate decision is just two weeks away on July 15 . Here's what today's report means for your mortgage, your job, and your savings — in plain English. What Is GDP and Why Does Today's Number Matter? GDP — Gross Domestic Product — is the broadest scorecard for how well Canada's economy is performing. It measures the total value of everything the country produces: goods, services, output across every industry. When GDP grows, businesses expand, hiring picks up, and incomes tend to rise. When it shrinks, the opposite happens. Today's release covers April 2026 data, plus Statistics Canada's advance estimate for May. The number that comes out this morning will either confirm that Cana...
Post a Comment
Read more

article

Labels

Rocket from Yemen Strikes Tel Aviv, Injuring 16, as Palestinians Mourn 19 Dead in Gaza

 

In the early hours of Saturday, a rocket fired from Yemen struck an area of Tel Aviv, leaving 16 people injured by shattered glass from nearby windows. The Israeli military reported that an additional 14 people sustained minor injuries as they rushed to shelters when air raid sirens sounded before the projectile hit. This attack comes less than two days after a series of Israeli airstrikes on Yemen's Houthi rebel-held capital, Sanaa, and the port city of Hodeida, which killed at least nine people.

The Houthis, an Iran-backed group in Yemen, have launched more than 200 missiles and drones during the ongoing Israel-Hamas war in Gaza. The Houthis have also been attacking shipping in the Red Sea and Gulf of Aden, stating that these attacks will not cease until there is a ceasefire in Gaza.

Meanwhile, in Gaza, mourners held funerals for 19 people, including 12 children, who were killed in separate Israeli strikes on Friday and overnight. One of the strikes hit a residential building in the Nuseirat refugee camp in central Gaza, killing at least seven Palestinians, including five children and one woman, and injuring 16 others. Another strike in Gaza City killed 12 people, including seven children and two women. Gaza's Health Ministry reported that 21 people had been killed over the past 24 hours.

The escalating violence has drawn international concern, with U.N. Secretary-General Antonio Guterres warning that both sides' attacks risk further escalation in the region and undermine U.N. mediation efforts. The situation remains tense as both sides continue to exchange fire, causing significant civilian casualties and damage.




Labels:

Comments

Post a Comment