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Machado Vows Return as Venezuela Faces Pivotal Political Moment

  A person holds up an image depicting Venezuelan opposition leader Maria Corina Machado, as people celebrate after the U.S. struck Venezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Santiago, Chile January 3, 2026. Venezuelan opposition figure María Corina Machado has declared that she plans to return to Venezuela soon, signaling her intention to push for a competitive national election amid a rapidly shifting political landscape. Her remarks follow the dramatic removal of Nicolás Maduro from power and the emergence of a transitional phase that has left the country’s political future uncertain. Machado, who spent more than a year in hiding and previously fled the country to accept an international peace award, emphasized that her movement is prepared to participate in a free and transparent electoral process . She argued that the opposition had already demonstrated its strength even under restrictive conditions and would win decisively in an open ...
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Bank of Canada Cuts Rate by Quarter Point Amid Tariff Uncertainty

The Bank of Canada announced a quarter-point reduction in its key interest rate on Wednesday, bringing it down to 3%. This marks the sixth consecutive rate cut since June 2024. The central bank cited stabilized inflation and a strengthening economy as reasons for the cut. However, it also highlighted the looming threat of U.S. tariffs as a significant source of uncertainty.

Governor Tiff Macklem emphasized that while the economy is showing signs of improvement, the potential for broad-based tariffs could pose a major challenge. The Bank of Canada revised its GDP growth forecast downward to 1.8% for 2025 and 2026, factoring in lower population growth and increased policy uncertainty.

The central bank presented several scenarios in which tariffs could impact the economy, projecting a potential reduction in GDP by 2.4% in the first year if tariffs are imposed. Macklem stated that the bank would closely monitor developments and assess the implications for economic activity and monetary policy.

The decision to cut rates comes as the U.S. threatens to impose 25% tariffs on Canadian goods. The Bank of Canada warned that such tariffs could lead to a recession in Canada, but it also indicated that it might refrain from further monetary policy support to avoid reigniting inflation.

The central bank's cautious approach reflects the delicate balance it must maintain in the face of economic uncertainties and the potential for a trade war with the U.S.




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