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Ukraine Marks Somber Anniversary as Zelenskyy Vows Resolve Amid Fractured Allied Support

Ukrainians pay tribute to victims of the Russian invasion, on the day marking the fourth anniversary of the full-scale Russian invasion. As Ukraine enters another year of full‑scale war, President Volodymyr Zelenskyy used the anniversary to deliver a message of defiance and endurance. Speaking to the nation, he emphasized that Ukraine’s determination to resist Russia has not weakened, even as the conflict grinds on with no clear end in sight. Zelenskyy highlighted the sacrifices made by civilians and soldiers alike, framing Ukraine’s struggle as a fight for national survival and democratic values. His remarks came at a moment when international unity — once a defining feature of the early months of the invasion — shows signs of strain. Several of Ukraine’s key partners remain committed to providing military and financial support, but political divisions, shifting priorities, and domestic pressures in some allied countries have complicated efforts to maintain a cohesive front. Debates...
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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.


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