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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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Operation Midnight: U.S. Strikes Redefine Iran's Nuclear Trajectory

In a dramatic escalation of Middle East tensions, U.S. Defense Secretary Pete Hegseth announced that recent American military strikes have "obliterated" Iran’s nuclear ambitions. The operation, dubbed "Operation Midnight," involved a coordinated assault using 14 bunker-buster bombs, over two dozen Tomahawk missiles, and more than 125 military aircraft.

The strikes targeted three key Iranian nuclear facilities—Fordow, Natanz, and Isfahan—sites long suspected of housing uranium enrichment operations critical to Iran’s nuclear program. President Donald Trump declared the mission a “bold and brilliant” success, asserting that it restored American deterrence on the global stage.

Iran, however, has condemned the attacks as an act of war. Its Foreign Ministry warned of “everlasting consequences” and vowed to defend its sovereignty with full force. Despite the scale of the strikes, Iran’s Atomic Energy Organization claimed there were no signs of radioactive contamination and insisted its nuclear program would continue.

As the international community braces for potential retaliation, the UN’s nuclear watchdog has called an emergency meeting, and global leaders are urging restraint to prevent further escalation.

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