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Mass Displacement in Lebanon After Intensified Israeli Evacuation Warnings

                                                     Displaced people walk outside a school-turned-shelter, in Beirut Tens of thousands of Lebanese civilians have been forced into shelters after what officials described as “unprecedented” evacuation warnings issued by the Israeli military. Local authorities estimate that around 100,000 people have fled their homes in southern Lebanon within a short period, seeking safety in schools, public buildings, and makeshift community centers. The warnings follow a sharp escalation in cross‑border hostilities, with Israeli forces expanding the areas they instructed residents to evacuate. Lebanese municipalities and humanitarian groups say the pace and scale of displacement have overwhelmed available shelter capacity, leaving many families without adequate access to food, medical care, or basi...
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Bank of Canada Poised for Rate Cut as Trade Pressures Weigh on Economy

                                   The Bank has held its policy rate at 2.75 per cent since the March interest rate decision.

The Bank of Canada is widely expected to lower its benchmark interest rate by 25 basis points to 2.50% today, marking its first cut since March, as slowing growth and rising unemployment overshadow inflation concerns.

Economists say the move is driven by a combination of weak second-quarter GDP, which contracted 1.6%, and job losses exceeding 100,000 over July and August, pushing unemployment to 7.1%. The removal of many retaliatory tariffs earlier this month has eased some price pressures, with August inflation holding at 1.9%, just below the central bank’s 2% target.

U.S. tariffs on Canadian exports have further strained trade flows, prompting policymakers to act pre-emptively to support growth. Markets are already pricing in the likelihood of another cut at the Bank’s October meeting if economic slack persists.

Governor Tiff Macklem will outline the Bank’s outlook at a press conference following the decision, with investors watching closely for signals on the pace of further easing.


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