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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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President Donald Trump is celebrating what he calls a “historic success” in brokering a ceasefire between Iran and Israel, following a dramatic escalation that saw U.S. airstrikes on Iranian nuclear facilities and retaliatory missile attacks on American bases in the Middle East.

Speaking at the NATO summit in The Hague, Trump claimed the U.S. strikes had “obliterated” Iran’s nuclear infrastructure, setting its program back by decades. “It was very severe. It was obliteration,” he said, dismissing intelligence assessments that suggest the damage may only delay Iran’s nuclear ambitions by a few months.

Despite the ceasefire holding for now, tensions remain high. Both Iran and Israel have accused each other of violating the agreement, and Trump has publicly rebuked both nations for their actions. Still, he insists the ceasefire is a “victory for everybody” and expressed hope for a new diplomatic relationship with Tehran.

While many in Iran and Israel expressed relief at the pause in hostilities, uncertainty lingers. Analysts warn that the long-term effectiveness of the strikes remains unclear, and the potential for renewed conflict persists if diplomatic efforts falter.

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