Skip to main content

Featured

Global Oil Markets Jolt as Iranian Strikes Target Persian Gulf Energy Hubs

                                                       Oil prices soar as Iran targets energy facilities across Persian Gulf Oil prices have surged sharply following a series of Iranian attacks on key Persian Gulf energy facilities, intensifying global market volatility. Brent crude has climbed above $107 per barrel, with some trades pushing toward $115 as tensions escalate across the region.  Oil prices spiked this week after Iran launched coordinated attacks on multiple energy facilities across the Persian Gulf, rattling global markets already strained by geopolitical tensions. Brent crude surged past $107 per barrel , with intraday highs nearing $110–$115 , depending on the trading window.  The escalation followed a strike on Iran’s South Pars gas field , prompting retaliatory action that hit infrastructure in cou...
Post a Comment
Read more

article

Labels

GST Holiday Fails to Deliver Economic Lift, Data Shows Minimal Impact

                                               

New figures reveal that Canada's GST/HST holiday yielded little boost in consumer spending, falling short of expectations. Payment processor Moneris reported a 4% decline in overall spending during the tax break period compared to the previous year, with both the number and size of transactions dropping slightly. Similarly, a survey conducted by the Canadian Federation of Independent Business (CFIB) found that only about 5% of small businesses experienced a noticeable sales increase, while the majority reported no significant change in business activity.

Despite the intended relief, many retailers found the initiative more burdensome than beneficial, citing last-minute adjustments to point-of-sale systems and increased administrative challenges. Although certain sectors, like children's apparel, saw minor gains, these were not enough to offset the overall downturn in consumer spending. The data suggests that the tax holiday may have merely shifted the timing of purchases rather than stimulating additional economic activity.


Labels:

Comments

Post a Comment