Skip to main content

Featured

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...

article

Alberta Premier Danielle Smith Welcomes Global Leaders at G7 Summit

 


Alberta Premier Danielle Smith is set to greet world leaders as they arrive in Calgary for the highly anticipated G7 summit. The three-day event, hosted in the scenic Kananaskis region, will bring together leaders from the world's most advanced economies, including Canada, the United States, France, Germany, Italy, Japan, and the United Kingdom, along with the European Union.

Smith's role extends beyond welcoming dignitaries—she will also host a reception for representatives from non-member countries and engage in bilateral meetings throughout the summit. While details of these meetings remain undisclosed, Smith has consistently emphasized Alberta’s position as a key player in global energy markets. Her recent international engagements, including visits to Japan, South Korea, and the United States, have focused on strengthening Alberta’s trade relationships and securing energy partnerships.

Prime Minister Mark Carney, as the summit’s host, has invited additional leaders, including Australian Prime Minister Anthony Albanese, Brazilian President Luiz Inácio Lula da Silva, and Indian Prime Minister Narendra Modi. Energy security is expected to be a major topic of discussion, with Alberta’s vast resources playing a central role in conversations about global supply and sustainability.

As the summit unfolds, Smith aims to showcase Alberta’s economic strengths and reinforce its position as a reliable energy supplier on the world stage. The event marks a significant opportunity for the province to engage with international leaders and shape discussions on trade, energy, and global cooperation.

Comments

Popular Posts