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20 Turkish Soldiers Killed in Georgia Military Plane Crash

Members of emergency services work at the site of the Turkish C-130 military cargo plane crash near the Azerbaijani border, in Sighnaghi municipality, Georgia. Turkey’s Ministry of Defense announced that 20 soldiers were killed when a military transport plane crashed in Georgia . The aircraft, a C-130 cargo plane, had departed from Azerbaijan and was en route to Turkey when communication was lost shortly after takeoff. Georgian emergency teams reported that 18 bodies were recovered at the crash site , with search operations continuing to locate the remaining victims. Witnesses shared footage showing the plane breaking apart mid-air before spiraling down into farmland near the Azerbaijani border. This tragedy is Turkey’s deadliest military aviation accident in recent years . Both Turkish and Georgian authorities have launched investigations, and officials confirmed that the aircraft’s black box has been recovered . President Recep Tayyip Erdoğan expressed condolences to the families...
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Bank of Canada Warns of Tepid Growth and Fragile Job Market Before Rate Call

                                                    Bank of Canada Governor Tiff Macklem 


Bank of Canada Governor Tiff Macklem signaled that Canada’s economy is set for only modest growth in the months ahead, while the labor market shows signs of strain. Speaking in Washington ahead of the central bank’s next interest rate decision, Macklem described the outlook as “soft,” citing weak business investment, sluggish exports, and uncertainty in hiring trends.

Recent data showed the economy contracted at an annualized pace of 1.6% in the second quarter, largely due to falling exports. While some rebound is expected in the latter half of the year, Macklem cautioned that growth will likely hover near 1%—below the economy’s potential.

On jobs, Macklem noted that despite a gain of more than 60,000 positions in September, the labor market remains fragile, with unemployment rising to 7.1% from 6.6% earlier this year. He characterized the employment picture as “volatile,” underscoring the challenges facing households and businesses.

The Bank of Canada has already cut its benchmark rate to 2.5% in September to counter slowing momentum. Policymakers now face a delicate balance: supporting growth without reigniting inflationary pressures.

As Macklem put it, restoring productivity and competitiveness will be key to lifting incomes and sustaining long-term prosperity.


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