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5 Things to Know Today: Canada’s Money Headlines

1. Bank of Canada expected to hold rates amid Iran‑war price pressures The Bank of Canada is preparing its next rate decision, with policymakers weighing inflation risks tied to the Iran conflict. Markets expect a hold as the Bank releases its new monetary policy report this week.  2. Oil & energy costs rise as global uncertainty persists Oil prices climbed more than US$2.50 as geopolitical tensions continue to influence global supply expectations. Canadian producers are also facing scrutiny, including Cenovus’s Newfoundland oilfield extension, which is projected to increase emissions by 21%. 3. Inflation pressures remain elevated for Canadian households Canada’s annual inflation rate rose to 2.4% in March , driven largely by higher gas prices. Rising costs continue to squeeze consumers, with food and essentials remaining stubbornly expensive.  4. Retail sales slow as Canadians pull back New data shows retail sales growth is losing momentum as households tighten bu...
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Escalation in South Asia: India Strikes Pakistan Over Kashmir Attack, Islamabad Vows Retaliation

In a dramatic escalation of tensions between two nuclear-armed neighbors, India launched missile strikes on Pakistan early Wednesday, targeting what it described as terrorist infrastructure in response to a deadly attack on Hindu tourists in Indian-administered Kashmir last month. The attack, which claimed 26 lives, has been blamed on Pakistan-based militant groups, though Islamabad denies involvement.

Pakistan has condemned the strikes as a “blatant act of war”, reporting that at least 26 people were killed and 46 injured in the Indian assault. Pakistani officials claim that civilian sites, including mosques, were among the targets, contradicting India's assertion that it exercised “considerable restraint” in selecting its targets. 

The situation has sparked international concern, with UN Secretary-General António Guterres urging both nations to exercise military restraint. Meanwhile, Pakistan has vowed to retaliate, stating that it reserves the right to respond at a time and place of its choosing. 

With both sides exchanging heavy artillery fire across the contested Kashmir region, fears of a broader conflict loom large. The world watches anxiously as diplomatic efforts attempt to de-escalate the crisis. 


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