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20 Turkish Soldiers Killed in Georgia Military Plane Crash

Members of emergency services work at the site of the Turkish C-130 military cargo plane crash near the Azerbaijani border, in Sighnaghi municipality, Georgia. Turkey’s Ministry of Defense announced that 20 soldiers were killed when a military transport plane crashed in Georgia . The aircraft, a C-130 cargo plane, had departed from Azerbaijan and was en route to Turkey when communication was lost shortly after takeoff. Georgian emergency teams reported that 18 bodies were recovered at the crash site , with search operations continuing to locate the remaining victims. Witnesses shared footage showing the plane breaking apart mid-air before spiraling down into farmland near the Azerbaijani border. This tragedy is Turkey’s deadliest military aviation accident in recent years . Both Turkish and Georgian authorities have launched investigations, and officials confirmed that the aircraft’s black box has been recovered . President Recep Tayyip Erdoğan expressed condolences to the families...
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Bank of Canada’s Rate Decision Hangs in the Balance Amid Trade Turmoil and Election Uncertainty

The Bank of Canada is facing a tough call on its latest interest rate decision, with market expectations nearly split between a rate cut and a pause. The central bank has already made seven consecutive cuts since June 2024, bringing its policy rate to 2.75%. However, ongoing trade tensions with the U.S. and uncertainty surrounding the upcoming federal election have complicated the outlook.

Recent inflation data showed a slowdown, with March’s annual inflation rate cooling to 2.3%. This has given policymakers more room to consider another rate cut, but concerns remain about the broader economic impact of U.S. tariffs on Canadian businesses and consumers. Some economists argue that a cut is necessary to cushion the economy, while others warn that holding steady might be the safer move.

Governor Tiff Macklem has acknowledged the “pervasive uncertainty” created by shifting trade policies, stating that multiple economic outcomes remain plausible. With consumer confidence shaken and the housing market struggling, the Bank’s decision today could have significant ripple effects across the economy.

Will the Bank of Canada opt for another cut, or will it hold firm in the face of uncertainty? The answer will shape Canada’s economic trajectory in the months ahead.

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