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Gaza Crisis Deepens as Israeli Strikes Kill 60 Amid Aid Shortages

  Israeli airstrikes have killed at least 60 people across Gaza, intensifying the humanitarian crisis in the region. The strikes targeted residential areas, including a family home and a school-turned-shelter, leading to significant civilian casualties.  Despite mounting international pressure, Israel has allowed only minimal aid into Gaza, far below the necessary levels to address the growing humanitarian needs. UN agencies report that while some trucks carrying food and medical supplies have entered, the amount remains insufficient compared to the 600 trucks per day that were permitted during a previous ceasefire.  The ongoing conflict has displaced nearly 90% of Gaza’s population, with many facing dire shortages of food, medicine, and shelter. International leaders, including those from Canada, France, and the UK, have urged Israel to ease restrictions and allow more humanitarian assistance.  As the situation worsens, calls for a ceasefire and increased aid contin...
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Loonie Slips as Jobless Rate Rises, Fueling Rate Cut Speculation

 

The Canadian dollar weakened to a three-week low against the U.S. dollar on Friday, as rising unemployment fueled expectations of further interest rate cuts by the Bank of Canada. The loonie traded 0.1% lower at 1.3935 per U.S. dollar, marking a 0.8% decline for the week.

Canada's unemployment rate climbed to 6.9% in April, surpassing economists' expectations of 6.8%, with the economy adding just 7,400 jobs. Analysts suggest that ongoing trade uncertainties are weighing on employment, increasing the likelihood of monetary policy easing in June.

Investor sentiment has shifted, with markets now pricing in a 60% chance of a rate cut at the Bank of Canada's next policy meeting on June 4, up from 46% before the employment report. Meanwhile, Canadian bond yields eased across the curve, reflecting concerns over economic slowdown.

The U.S. dollar, in contrast, strengthened on optimism surrounding upcoming U.S.-China trade talks, while crude oil prices—one of Canada's key exports—rose 1.5% to $60.82 per barrel.

With economic uncertainty looming, all eyes are on the Bank of Canada’s next move. Will policymakers opt for another rate cut to support growth, or will they hold steady amid global market shifts? 



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