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Relentless Push: Russia Claims Strategic Edge in Ukraine Offensive

  Servicemen of the 115th Separate Mechanised Brigade of the Ukrainian Armed Forces use an RPG-7 grenade launcher during training between combat missions, in Kharkiv region, Ukraine. Russia’s top military commander, General Valery Gerasimov, has declared that Russian forces are conducting a non-stop offensive along nearly the entire front line in Ukraine, asserting that the “strategic initiative” now lies with Moscow. According to Gerasimov, Russian troops have intensified airstrikes on Ukrainian cities far from the battlefield, including a recent attack on Kyiv that killed at least 23 people and wounded 38. He reported that since March, Russia has seized more than 3,500 square kilometers of territory , captured 149 villages, and now controls the vast majority of the Luhansk, Donetsk, Zaporizhzhia, and Kherson regions. The offensive has also pushed into Ukraine’s southeastern Dnipropetrovsk region, with seven villages reportedly under Russian control. Moscow says it has carried...
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Trade War Turbulence: Canada’s Q2 GDP Suffers Steepest Drop Since Pandemic

 

                                        `  A railway grain terminal in Alberta. 


Canada’s economy contracted sharply in the second quarter of 2025, posting a 1.6% annualized decline — the steepest drop since the COVID-19 pandemic — as U.S. tariffs battered exports and dampened business investment. Statistics Canada reported that international shipments of passenger cars and light trucks plunged nearly 25%, while industrial machinery exports fell over 18%.

The downturn followed a temporary boost in Q1, when businesses rushed orders ahead of anticipated tariffs. Imports also fell, partly due to Canada’s retaliatory measures, but this was not enough to offset the export slump.

Despite the trade hit, household spending rose 4.5%, and housing activity remained resilient, offering some cushion to the economy. Still, the weak momentum heading into Q3 has left economists divided on whether the Bank of Canada will cut interest rates at its September meeting.

The data underscores the toll of escalating trade tensions with the U.S., Canada’s largest trading partner, and signals that while domestic demand shows strength, external headwinds could keep growth subdued in the months ahead.


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