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New Tariffs Hit Today, Oil Tops $107, and the Fed Decision Looms

  A new round of US tariffs on Canadian goods takes effect today, oil is sitting at its highest level in roughly four months, and markets are bracing for tomorrow's Federal Reserve rate decision. Here's what moved overnight and what it means for your wallet. What It Means for You Today's expanded US tariffs cover cheese, vehicles, construction materials, paper and lighting fixtures — expect price pressure on anything crossing the border in either direction over the coming weeks. Bond yields flirting with 5% are pushing fixed mortgage rates higher even before the Bank of Canada moves again, so if you're renewing soon, it's worth locking in a rate hold now rather than waiting. And with a Fed hike odds-on for tomorrow, expect a volatile 48 hours for TFSA and RRSP portfolios — this is a "check your allocation, don't check your balance daily" kind of week. 🇨🇦 Canada: TSX Ends Monday Flat as CPI Holds at 3.0% The S&P/TSX Composite closed essentially un...
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Tensions Escalate: Pakistan Warns of Imminent Indian Strike


In a significant development, Pakistan's Information Minister, Attaullah Tarar, has claimed that the country possesses "credible intelligence" indicating that India plans to launch a military strike within the next 24 to 36 hours. This assertion comes amidst heightened tensions between the two nuclear-armed neighbors following a deadly attack in Indian-administered Kashmir that claimed 26 lives.

Tarar stated that India intends to use the recent Pahalgam incident as a pretext for aggression, a claim that India has not yet commented on. Pakistan has denied any involvement in the attack and has called for a neutral investigation. Meanwhile, both nations have taken retaliatory measures, with India suspending the Indus Waters Treaty and Pakistan closing its airspace to Indian flights.

The situation has drawn international attention, with fears of escalation between the two countries. Pakistan has warned that any act of aggression will be met with a decisive response, emphasizing that India would bear full responsibility for any consequences in the region.

The unfolding events underscore the fragile relationship between the two nations, with the world watching closely for further developments.

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