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Nations React to Reported $1 Billion Fee for Trump’s Peace Board

  President Trump said the Peace Board 'will embark on a new approach to resolving global conflict'. Reports surrounding President Donald Trump’s proposed Board of Peace have ignited global debate after claims surfaced that countries may be asked to contribute $1 billion to secure or maintain permanent membership. The board, envisioned as a body overseeing governance and reconstruction efforts in Gaza, would reportedly be chaired by Trump himself, who would hold authority over which nations are admitted. A draft charter circulating among diplomats outlines three‑year membership terms, renewable only with the chairman’s approval. It also suggests that nations contributing $1 billion within the first year could bypass term limits and secure a permanent seat. The White House has pushed back on the reports, calling them misleading and insisting that no mandatory membership fee exists. Officials acknowledged that major financial contributors could receive greater influence but ...
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Canada’s Labor Market Adds 27,000 Jobs in May, Unemployment Edges Up to 6.2%


Canada’s economy saw a net increase of 26,700 jobs in May, according to Statistics Canada. However, the unemployment rate also ticked up to 6.2 per cent. Here are the details:

Key Points:

  • Job Growth: The increase in jobs was primarily driven by part-time employment, which surged by 62,000 positions. Unfortunately, full-time jobs declined by 36,000 during the same period.
  • Unemployment Rate: The uptick in the unemployment rate reflects the challenge of keeping pace with Canada’s population growth. Despite the modest job gains, the rate rose by a tenth of a percentage point.
  • Wage Growth: Average hourly earnings increased by 5.1 per cent year-over-year, catching the attention of the Bank of Canada. However, officials believe this strength is partly due to wages adjusting for consumer prices.
  • Central Bank’s Stance: The Bank of Canada recently cut interest rates for the first time in over four years, bringing the benchmark rate to 4.75 per cent. The central bank remains vigilant about inflation trends and will decide on further rate adjustments in July.

Outlook: While the rising unemployment rate may prompt further rate cuts, policymakers are closely monitoring economic conditions. Expectations for a rate cut at the Bank of Canada’s next meeting are now less certain.



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