Skip to main content

Featured

Pope Leo XIV Urges Global Action to End ‘Pandemic of Arms’ After Minnesota Tragedy

                                                         People gather as Pope Leo XIV delivers his blessing at the Vatican on Aug. 31, 2025.  Pope Leo XIV has called for an end to what he described as the “pandemic of arms, large and small,” following a deadly shooting at a Catholic school Mass in Minneapolis. Speaking in English during his Sunday Angelus blessing from St. Peter’s Square, the first U.S.-born pontiff expressed deep sorrow for the victims and condemned the “logic of weapons” that fuels violence worldwide. The attack, which took place at the Church of Annunciation, claimed the lives of two children and injured 20 others. The shooter fired 116 rifle rounds through the church’s stained-glass windows before dying by suicide. Pope Leo, who initially offered condolences without political commentary, us...

article

Inflation Rise in June Likely Halts BoC Rate Cut Plans

Canada’s annual inflation rate edged up to 1.9% in June, according to Statistics Canada, marking a slight increase from May’s 1.7%. The uptick, driven by higher prices for new and used vehicles, durable goods, and clothing, has tempered expectations of a rate cut from the Bank of Canada (BoC) at its upcoming July meeting.

Gasoline prices remained nearly flat, but the slower decline compared to last year contributed to the overall inflation increase. Meanwhile, grocery inflation eased, with fresh vegetable prices falling for the first time since 2021.

Core inflation metrics—closely watched by the BoC—showed mixed signals. The CPI-median rose slightly to 3.1%, while CPI-common and CPI-trim held steady. These figures suggest underlying price pressures remain persistent, reinforcing the central bank’s cautious stance.

With economic uncertainty heightened by new U.S. tariffs and uneven growth, analysts believe the BoC will likely hold its policy rate steady in July, opting for a wait-and-see approach until inflation trends become clearer.


Comments