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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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Trump's Financial Disclosure Reveals Over $600 Million in Income

Former U.S. President Donald Trump has reported more than $600 million in income from various business ventures, including cryptocurrency, golf clubs, and licensing deals, according to a newly released financial disclosure. The report, which appears to cover the 2024 calendar year, provides insight into Trump's extensive business holdings and sources of revenue.

One of the most notable aspects of the disclosure is Trump's push into cryptocurrency, which has significantly contributed to his wealth. His involvement in meme coin launches and decentralized finance operations has generated substantial income, with one token alone reportedly earning $320 million in fees. Additionally, his family has amassed over $400 million through World Liberty Financial, a decentralized finance company.

Beyond crypto, Trump's real estate empire remains a major source of income. His properties in Florida, including Trump National Doral, Jupiter, and West Palm Beach, collectively generated at least $217.7 million. His licensing deals also brought in millions, with projects in Vietnam, India, and Dubai contributing to his earnings.

While Trump has stated that his businesses are managed by a trust overseen by his children, the disclosure highlights how income from these ventures continues to accrue to him personally. This has raised concerns about potential conflicts of interest, particularly regarding businesses that may benefit from U.S. policy shifts under his leadership.

The financial disclosure, signed on June 13, 2025, offers a snapshot of Trump's evolving business landscape, reflecting his expansion into digital assets while maintaining strong revenue streams from traditional industries. As scrutiny over his financial dealings continues, the report provides a glimpse into the vast empire that has shaped his public and private life.

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