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Canada Holds Steady: Interest Rate Pause Signals Cautious Confidence

                      The Bank of Canada also held its policy rate at its last scheduled rate announcement in December. The Bank of Canada has opted to keep its key interest rate at 2.25% , a move that underscores a careful balancing act as the country approaches a pivotal moment in North American trade relations. With CUSMA (the Canada‑United States‑Mexico Agreement) negotiations on the horizon, policymakers appear intent on maintaining stability while assessing potential economic turbulence. The decision reflects a mix of optimism and prudence. Inflation has been easing gradually, giving the central bank some breathing room. At the same time, global economic uncertainty and the high stakes of upcoming trade talks mean officials are reluctant to introduce new variables into the financial system. By holding the rate steady, the Bank of Canada signals confidence in the economy’s underlying resilience while acknowledgin...
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Russia's Christmas Day Assault on Ukraine: A Grim Reality


On Christmas Day, Russia launched a massive missile and drone attack on Ukraine's energy infrastructure, targeting key facilities and causing widespread power outages. Ukrainian President Volodymyr Zelensky condemned the strikes as "inhumane," emphasizing the deliberate timing of the attack to coincide with the holiday. 

The assault involved over 70 missiles and more than 100 drones, with significant damage reported in cities like Kharkiv and Dnipro. Despite Ukraine's efforts to intercept many of the missiles and drones, the attack led to severe disruptions in electricity and heating, leaving many Ukrainians without power in freezing temperatures.

This attack marks the 13th major strike on Ukraine's energy sector this year, further exacerbating the humanitarian crisis in the country. Ukrainian officials have described the strikes as "Christmas terror," highlighting the ongoing threat posed by Russian aggression.

The international community continues to watch closely as Ukraine works to restore power and provide relief to its citizens amid the ongoing conflict.

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