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Bolsonaro Arrested in Brasília Before Supporters’ Vigil

  A supporter of Brazil's former President Jair Bolsonaro holds a Brazilian flag, outside the Brazilian Federal Police Regional Headquarters, where Bolsonaro was taken after being placed in police custody as a preventative measure. Former Brazilian president Jair Bolsonaro was taken into federal police custody on Saturday, just days before he was set to begin serving a 27-year prison sentence for plotting a coup attempt following his 2022 election defeat. The arrest occurred in Brasília, where supporters had planned a vigil outside his residence. Bolsonaro had been under house arrest since August, confined to his home while appealing a Supreme Court conviction. Justice Alexandre de Moraes, who oversees the case, ordered the detention citing concerns that a gathering of supporters could obstruct police monitoring. Authorities also noted evidence of tampering with Bolsonaro’s electronic ankle bracelet, raising suspicions of a possible escape attempt. The former president’s lawyer,...
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Canada's Inflation Rate Declines to 1.8% in December Amid GST Tax Break

 

Canada's annual inflation rate fell to 1.8% in December 2024, according to Statistics Canada. This decrease is largely attributed to the federal government's temporary tax break on various goods and services, including food purchased from restaurants, alcohol, tobacco, and clothing.

The tax break, which was introduced mid-December, significantly contributed to the deceleration in inflation. Without this tax relief, the inflation rate would have risen to 2.3%. Grocery prices also saw a decline, falling to 1.9% from the previous month.

The Bank of Canada is now closely monitoring these developments as it prepares for its next interest rate decision. Analysts are speculating whether this consistent easing of inflation might prompt further rate cuts.

This report highlights the impact of fiscal policies on inflation and underscores the importance of government interventions in managing economic stability.




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