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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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French Air Traffic Strike Grounds Summer Travel Plans Across Europe


As the European summer holiday season kicks off, a two-day strike by French air traffic controllers has thrown travel plans into disarray. Beginning July 3, the walkout—led by the UNSA-ICNA and USAC-CGT unions—has resulted in hundreds of flight cancellations and delays across France and beyond.

The strike stems from long-standing grievances over staff shortages, outdated equipment, and what unions describe as a toxic management culture. France’s civil aviation authority (DGAC) responded by ordering airlines to slash up to 50% of flights at some airports, including Paris Charles de Gaulle and Orly.


Ripple Effects Across Europe

The impact isn’t limited to France. With French airspace serving as a major corridor for European flights, overflights from the UK, Spain, and Italy are also facing reroutes and delays. Ryanair alone canceled 170 flights, affecting over 30,000 passengers, while EasyJet grounded 274 flights over the two-day period.

Government Pushback and Passenger Frustration

Transport Minister Philippe Tabarot called the timing of the strike “unacceptable,” especially as families begin their summer getaways. Meanwhile, airlines are scrambling to rebook passengers or offer refunds, and travel hubs like Nice, Lyon, and Marseille are bracing for continued turbulence.

With no resolution in sight and more labor actions possible, travelers are advised to monitor flight updates closely and consider alternative routes. The skies over Europe may be sunny—but the forecast for air travel remains stormy.

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