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UK's Strategic Move: Britain Signals Possible Support for Israel Amid Iran Conflict

The United Kingdom has hinted at potential support for Israel in its ongoing conflict with Iran, though officials emphasize that recent military deployments are primarily precautionary. British Chancellor of the Exchequer Rachel Reeves stated on Sunday that additional military jets were sent to the Middle East to protect British bases and personnel. The escalation between Israel and Iran saw fresh attacks overnight, with Israeli Prime Minister Benjamin Netanyahu warning that Iran would face intensified strikes in the coming days. Speaking to Sky News, Reeves called for de-escalation but acknowledged that Britain has previously assisted Israel in defending against missile attacks. "We have, in the past, supported Israel when there have been missiles coming in," she said, adding that the UK is deploying assets both for its own protection and potentially to support allies. Britain has played a role in defending Israel before. Last year, British aircraft intercepted Iranian drone...
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Bank of Canada Maintains Interest Rate Amid Economic Uncertainty

The Bank of Canada has decided to hold its key interest rate at 2.75%, citing "unusual uncertainty" in the economic landscape. This marks the second consecutive rate pause, as policymakers assess the impact of ongoing trade tensions and inflationary pressures.

Governor Tiff Macklem emphasized that while the Canadian economy remains soft but not sharply weaker, recent inflation data has shown unexpected firmness. The central bank is particularly focused on the effects of U.S. tariffs, which continue to create volatility in trade and business investment.

Despite speculation about a potential rate cut, the Bank of Canada opted for stability, noting that further adjustments may be considered if economic conditions deteriorate. The decision reflects a cautious approach as officials navigate an unpredictable financial environment.

With inflation and trade uncertainties shaping the outlook, the Bank of Canada remains committed to monitoring economic trends before making any significant policy shifts. The next rate announcement is expected in July, offering further insights into the central bank’s strategy moving forward.

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