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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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Ukrainian Strike Kills Senior Russian Naval Commander in Kursk Region

Major General Mikhail Gudkov, the deputy head of the Russian Navy, was killed during combat operations in Russia’s Kursk region, according to the Russian Ministry of Defence. The 42-year-old officer, appointed to the role by President Vladimir Putin in March, is among the highest-ranking Russian military officials to have died since the start of the full-scale invasion of Ukraine in 2022.

Unofficial Russian and Ukrainian military sources reported that Gudkov was killed in a Ukrainian missile strike targeting a command post near the border. The strike, allegedly carried out using a U.S.-supplied HIMARS system, also claimed the lives of several other Russian officers.

Gudkov previously commanded the 155th Guards Naval Infantry Brigade, a unit accused by Ukraine of committing war crimes during operations in Mariupol and other regions. Despite his promotion, he was known for continuing to visit frontline positions, according to Russian officials.

His death comes amid ongoing clashes in the Kursk region, which saw a brief Ukrainian incursion in August 2024. Although Moscow claimed to have regained control, fighting has persisted along the border.

The Kremlin has not commented on the circumstances of Gudkov’s death, and Kyiv has yet to issue an official statement.

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