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Ukraine Faces Deepening Power Shortages After Russian Strikes

A resident shows a journalist where a Russian drone struck the roof of an apartment building, depriving its residents of water, heat and electricity, in Kyiv. Ukraine is confronting one of its most severe energy shortfalls since the start of the full‑scale invasion, with the country currently able to supply only about 60% of its electricity needs. A new wave of Russian missile and drone attacks has heavily damaged power plants and transmission infrastructure across multiple regions, pushing the grid to the brink. Officials report that nearly every major power‑generating facility has been hit in recent weeks. Cities such as Kyiv, Kharkiv, Odesa, and Dnipro have experienced rolling blackouts, leaving millions of residents coping with limited heating, lighting, and communications during the winter season. Ukraine’s government has warned that the situation remains extremely challenging. Engineers are working around the clock to repair damaged facilities, but repeated strikes have slowed...
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Canada’s Employment Boom: 76,000 New Jobs Signal Economic Recove

 


Canada’s labour market made impressive gains in January as the economy added a net 76,000 jobs, helping push the unemployment rate down to 6.6%. The surge in employment far exceeded economists’ expectations, signaling renewed confidence amid ongoing global economic uncertainties.

A key driver behind the strong performance was the manufacturing sector, which contributed roughly 33,000 new positions. This development underscores the sector’s reliance on U.S. demand for Canadian exports, a factor that has become increasingly significant given current trade tensions. In addition to the manufacturing boost, full-time employment also saw a healthy increase while part-time roles added to the overall strength of the report.

Despite these encouraging signs, analysts remain cautious. Although the unemployment rate has fallen, it still points to some underlying slack in the labour market. Wage growth moderated slightly to 3.5% on a year-over-year basis, which could influence upcoming monetary policy decisions by the Bank of Canada. With the possibility of further interest rate cuts on the horizon, this robust job report is likely to play a crucial role in shaping economic policy in the coming months.

The latest figures paint a positive picture for Canada’s recovery, offering renewed optimism for a more resilient and dynamic economic future.

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