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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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Sir David Beckham and Sir Gary Oldman Honored with Knighthoods by King Charles III

In a momentous recognition of their contributions to British culture, David Beckham and Gary Oldman have been awarded knighthoods in King Charles III’s Birthday Honours List. The prestigious title acknowledges their exceptional achievements in sports, charity, and drama.

Beckham, the legendary footballer and philanthropist, has long been a national icon. Having represented England 115 times, including 59 matches as captain, he has left an indelible mark on the sport. His charitable work, particularly with UNICEF, has further cemented his legacy. Expressing his gratitude, Beckham stated, "Growing up in East London with parents and grandparents who were so patriotic and proud to be British, I never could have imagined I would receive such a truly humbling honor."

Oldman, an Academy Award-winning actor, has been recognized for his services to drama. Known for his transformative performances, including his portrayal of Winston Churchill in "Darkest Hour", Oldman has captivated audiences worldwide. Reflecting on his knighthood, he remarked, "It is emotional, humbling, and flattering all at the same time to be recognized amongst such extraordinary individuals."

Both men now join an elite group of British figures who have been knighted for their contributions to society. Their achievements continue to inspire generations, solidifying their status as cultural icons.

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