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Bank of Canada Holds Steady Amid Trade Turbulence

  The Bank of Canada has opted to maintain its key interest rate, signaling a cautious approach as uncertainty swirls around international tariffs and trade relations. This move keeps the benchmark rate unchanged, offering a stabilizing signal to markets while leaving room for potential rate cuts in the months ahead. The decision reflects concerns over economic fragility, particularly as Canadian exporters face mounting pressure from shifting global trade dynamics. While inflation has shown signs of easing, policymakers remain wary of unpredictable external shocks that could weigh on domestic growth. Governor Tiff Macklem indicated that future rate adjustments are not off the table, especially if trade tensions escalate or if inflation continues to track below target. Analysts interpret the Bank's message as a strategic pause rather than a pivot, allowing for flexibility in a volatile economic climate. For Canadian households and businesses, the move offers short-term reassuran...
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Iran Warns of Strong Response to U.S. Involvement in Israeli Strikes

Iran has issued a stern warning to the United States, stating that it will respond firmly if Washington becomes directly involved in Israel's ongoing military campaign against Tehran. Ali Bahreini, Iran's ambassador to the United Nations in Geneva, emphasized that Iran views the U.S. as "complicit in what Israel is doing" and will not hesitate to defend its people, security, and land.

The warning comes amid escalating tensions between Israel and Iran, with both nations exchanging missile strikes. Thousands of civilians have fled major Iranian cities as the conflict intensifies. The U.S. has so far taken indirect actions, such as assisting in intercepting Iranian missiles aimed at Israel and deploying additional fighter aircraft to the Middle East.

Iran's leadership has made it clear that any direct U.S. involvement will be met with a "serious and strong" response, signaling the potential for a broader regional conflict. As diplomatic efforts falter, the world watches closely to see how the situation unfolds.

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