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Canada Holds Steady: Interest Rate Pause Signals Cautious Confidence

                      The Bank of Canada also held its policy rate at its last scheduled rate announcement in December. The Bank of Canada has opted to keep its key interest rate at 2.25% , a move that underscores a careful balancing act as the country approaches a pivotal moment in North American trade relations. With CUSMA (the Canada‑United States‑Mexico Agreement) negotiations on the horizon, policymakers appear intent on maintaining stability while assessing potential economic turbulence. The decision reflects a mix of optimism and prudence. Inflation has been easing gradually, giving the central bank some breathing room. At the same time, global economic uncertainty and the high stakes of upcoming trade talks mean officials are reluctant to introduce new variables into the financial system. By holding the rate steady, the Bank of Canada signals confidence in the economy’s underlying resilience while acknowledgin...
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U.S. Leverages Starlink Access in Critical Minerals Negotiations with Ukraine

In a high-stakes negotiation, U.S. officials have reportedly threatened to cut off Ukraine's access to the Starlink satellite internet system, owned by Elon Musk's SpaceX, if Kyiv does not agree to a deal on critical minerals. Starlink has been a lifeline for Ukraine, providing crucial internet connectivity amid the ongoing conflict with Russia.

The issue was raised during discussions between U.S. and Ukrainian officials after Ukrainian President Volodymyr Zelenskyy rejected an initial proposal from U.S. Treasury Secretary Scott Bessent. The proposal demanded $500 billion in mineral wealth from Ukraine as repayment for wartime aid, without offering specific security guarantees.

During a recent meeting, U.S. Special Envoy to Ukraine Keith Kellogg reiterated the threat of cutting off Starlink access if an agreement on critical minerals was not reached. The potential loss of Starlink would be a significant blow to Ukraine, which relies on the system for military operations and civilian communications.

Despite the pressure, Zelenskyy has remained firm in his stance, rejecting demands that he believes do not adequately protect Ukraine's interests. Negotiations are ongoing, with both sides working towards a potential agreement.




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