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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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Putin Condemns U.S. Strikes on Iran as "Unprovoked Aggression" During Talks with Iranian FM

In a high-stakes diplomatic meeting in Moscow, Russian President Vladimir Putin told Iranian Foreign Minister Abbas Araghchi that the recent U.S. airstrikes on Iran’s nuclear facilities were “absolutely unprovoked” and lacked any justification. The strikes, ordered by U.S. President Donald Trump, targeted three major nuclear sites in Iran, escalating tensions in an already volatile region.

Putin emphasized Russia’s commitment to supporting the Iranian people and expressed deep regret over what he described as a dangerous escalation. “We are making efforts to assist the Iranian people,” he said during televised remarks.

Araghchi, in turn, thanked Russia for its vocal condemnation of the attacks and conveyed messages of solidarity from Iran’s Supreme Leader and President. He praised Moscow for standing “on the right side of history and international law”.

While Russia has offered to mediate in the crisis, Kremlin officials stopped short of detailing any concrete military or strategic support. Kremlin spokesperson Dmitry Peskov noted that Moscow had not been informed in advance of the U.S. strikes and reiterated concerns about potential radiation hazards from the damaged nuclear sites.

The meeting underscores the deepening alliance between Moscow and Tehran amid growing international concern over the potential for broader conflict in the Middle East.

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