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Beirut Reels as Israeli Airstrikes Intensify Amid Expanding Regional Conflict

                                     Smoke rises after an Israeli strike in central Beirut's Bachoura neighbourhood Israeli warplanes struck central Beirut in the early hours of March 18, delivering some of the most intense bombardments the city center has seen in decades. The attacks destroyed residential buildings in densely populated neighborhoods such as Bashoura, Zuqaq al-Blat, and Basta, killing at least six to twelve people according to varying Lebanese authority reports.  The strikes come as the broader conflict widens following Hezbollah’s involvement earlier in the month and escalating tit-for-tat actions between Israel and Iran. Residents described fleeing in the middle of the night—some after receiving evacuation warnings, others with no warning at all—as explosions lit up the capital’s skyline.  Lebanese officials say the attacks targeted both residenti...
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Canadian Dollar Soars as U.S. Tariffs Are Shelved

 

The Canadian dollar surged to a near five-week high against its U.S. counterpart on Monday as the threat of immediate U.S. trade tariffs diminished. The loonie was trading 1.1% higher at 1.4325 per U.S. dollar, or 69.81 U.S. cents, after touching its strongest intraday level since December 17 at 1.4262.

The relief rally came after newly inaugurated U.S. President Donald Trump announced he would not impose a 25% tariff on imports from Canada and Mexico on his first day in office. Instead, Trump directed federal agencies to evaluate U.S. trade relationships with these countries. This decision alleviated market concerns and boosted investor confidence.

Additionally, a Bank of Canada survey revealed that firms are beginning to anticipate improved economic activity, further supporting the loonie's rise. However, Canadian businesses remain cautious about the potential impact of future U.S. trade policies.

With inflation expectations normalizing, the Bank of Canada may consider lowering interest rates to stimulate economic growth and reduce unemployment.




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