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Bank of Canada Freezes Rates as Trump’s Tariff Threat Looms Over Economy

Bank of Canada Holds Rates Steady Amid Tariff Turmoil In a widely anticipated move, the Bank of Canada has opted to maintain its benchmark interest rate at 2.75% for the third consecutive time, as trade tensions with the United States intensify ahead of an August 1 tariff deadline. Economists had unanimously predicted the hold, citing mixed economic signals: while employment remains strong, core inflation continues to hover above the Bank’s target. Governor Tiff Macklem emphasized that monetary policy cannot offset the impact of prolonged trade conflicts, reiterating the Bank’s commitment to price stability for Canadians. The decision comes as President Trump threatens sweeping tariffs on Canadian goods, including a potential 35% blanket rate and sector-specific levies on steel, aluminum, and autos. These measures have injected uncertainty into business planning and consumer confidence, with many firms scaling back hiring and investment. Despite the hold, analysts warn that further...

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A Global Effort to Silence the Seas: Canada and Panama Lead the Charge Against Shipping Noise


The relentless hum of cargo ships has long been a disruptive force in the world's oceans, impacting marine life in ways scientists are only beginning to fully understand. Now, Canada and Panama are spearheading an ambitious push to reduce the underwater noise caused by global shipping.  

With marine ecosystems increasingly threatened by human activity, the initiative aims to implement noise-reduction technologies and stricter regulations that could transform the industry. Whales, dolphins, and other sea creatures rely on sound for communication, navigation, and hunting. However, excessive noise from large vessels interferes with these essential behaviors, leading to heightened stress and disrupted habitats.  

Canada has already made strides by encouraging ship speed reductions along critical migration routes, while Panama—a global shipping hub—is exploring innovative ways to make vessels quieter. The campaign has attracted interest from international policymakers, prompting discussions about industry-wide standards.  

As momentum builds, the hope is that quieter seas will foster healthier marine environments, proving that economic progress and environmental protection can go hand in hand. With two major maritime players leading the charge, the future of ocean conservation could be heard loud and clear—or, rather, in blissful silence.  

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