Skip to main content

Featured

Havana Rallies as Cuba Condemns U.S. Capture of Maduro

Thousands of people gathered in Havana as Cuban President Miguel Díaz‑Canel forcefully condemned the United States for its military operation that resulted in the capture of Venezuelan President Nicolás Maduro and his wife, Cilia Flores. Díaz‑Canel described the action as an attack on regional sovereignty and a dangerous escalation in U.S. interventionism. The U.S. operation, carried out in the early hours of Saturday, involved a rapid strike inside Venezuela that removed Maduro from power and transported him out of the country. The move has triggered intense debate across Latin America, with governments and political groups weighing in on the implications for regional stability. In Cuba, the response was immediate and highly visible. Demonstrators filled Havana’s streets waving Cuban and Venezuelan flags, chanting in support of Maduro, and denouncing what they view as foreign aggression. Cuban officials framed the rally as a defense of Latin American independence and a call for uni...
Post a Comment
Read more

article

Labels

Canada's Inflation Rate Rises as GST Holiday Ends


Canada's annual inflation rate surged to 2.6% in February, up from 1.9% in January, according to Statistics Canada. This increase follows the conclusion of the federal government's two-month GST/HST holiday, which had temporarily reduced prices on various household staples, gifts, and restaurant bills. The tax break ended mid-February, contributing to a notable rise in consumer prices.

Economists had anticipated a more modest inflation increase to 2.2%, but the actual figures exceeded expectations. Without the tax holiday in place for half the month, inflation would have reached 3%, highlighting the significant impact of the temporary measure.

While gas prices saw a slight monthly increase, their annual comparison showed a deceleration, helping to moderate the overall inflation rate. However, provinces like Ontario and New Brunswick experienced the fastest price accelerations, reflecting regional variations in consumer costs.

This development comes as the Bank of Canada continues to monitor inflation trends closely, especially in the context of ongoing economic challenges. The end of the GST/HST holiday underscores the complexities of balancing temporary relief measures with long-term economic stability.

Labels:

Comments

Post a Comment