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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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Miracle in the Wreckage: Lone Survivor Defies Death in Air India Crash

 

In a tragic accident that claimed the lives of dozens, one man defied the odds. When an Air India aircraft met disaster, leaving behind a scene of devastation, a lone survivor was miraculously thrown from the wreckage, escaping death in a way that seemed almost impossible.  

The man, whose brother perished in the crash, found himself alive amid the chaos, bruised and battered but remarkably intact. Against all expectations, he managed to walk out of the smoldering debris, seeking help. His survival is an extraordinary tale of fate, resilience, and sheer luck—one that will surely remain etched in aviation history.  

Authorities are investigating the circumstances of the crash, while the survivor, shaken but grateful to be alive, faces the difficult road ahead. His story stands as a testament to the unpredictable twists of life and the fragile boundary between survival and tragedy.

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