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Territorial Disputes Dominate Geneva Peace Talks

US President Donald Trump's son-in-law Jared Kushner, US Special Envoy Steve Witkoff, US Secretary of State Marco Rubio, US Army Secretary Daniel Driscoll sit before closed-door talks with Head of the Office of the President of Ukraine Andriy Yermak  (not pictured) on ending Russia's war in Ukraine, at the US Mission in Geneva, Switzerland. Negotiators from Russia and Ukraine convened in Geneva for a new round of U.S.-mediated peace talks, with territorial disputes emerging as the central point of contention. The discussions, held over two days, come amid heightened pressure from U.S. President Donald Trump, who has urged Kyiv to “come to the table fast” in pursuit of a settlement.  Both sides remain deeply divided over land claims, which have become the primary obstacle to progress. The Kremlin has signaled that territorial issues will dominate the agenda, while Ukrainian President Volodymyr Zelenskyy has voiced concerns that Kyiv is facing disproportionate p...
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Canada’s Inflation Slows in August, Boosting Odds of Rate Cut

 

                                           People browse a grocery store in Toronto, Ontario, Canada 


Canada’s annual inflation rate edged up to 1.9% in August, slightly below economists’ expectations of 2.0%, according to Statistics Canada data. The modest rise was driven largely by a slower year-over-year decline in gasoline prices, which fell 12.7% compared to a 16.1% drop in July. On a monthly basis, the Consumer Price Index (CPI) slipped 0.1%, while the seasonally adjusted measure rose 0.2%.

Excluding gasoline, inflation came in at 2.4%, marking a slight easing from the previous three months’ 2.5% pace. Core inflation indicators showed mixed results: the CPI-median held steady at 3.1%, while the CPI-trim eased to 3.0% from 3.1% in July.

Shelter costs, which make up nearly a third of the CPI basket, rose 2.6%, down from 3.0% in July, as both mortgage interest and rent increases moderated. Food prices climbed 3.4%, with meat prices surging 7.2% year-over-year.

The softer-than-expected inflation reading comes just ahead of the Bank of Canada’s policy decision, with markets now pricing in an 87% chance of a 25-basis-point rate cut. Analysts suggest the data could strengthen the case for easing monetary policy, even as underlying price pressures remain resilient.


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