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Syria's Deadliest Days: Over 1,000 Killed in Clashes and Revenge Killings

In a tragic escalation of violence, over 1,000 people have lost their lives in Syria during two days of intense clashes and revenge killings. The conflict erupted between Syrian security forces and loyalists of ousted President Bashar al-Assad, with sectarian violence targeting the Alawite community, a key support base of the former regime. The Britain-based Syrian Observatory for Human Rights reported that the death toll includes 745 civilians, 125 government security personnel, and 148 militants. The violence has left areas like Latakia without electricity and water, further deepening the humanitarian crisis. The revenge killings, primarily carried out by Sunni Muslim gunmen, have devastated Alawite villages, with reports of targeted shootings, looting, and arson. Thousands have fled to the mountains seeking safety, while bodies remain unburied in the streets of towns like Baniyas. This marks one of the deadliest episodes in Syria's 14-year conflict, raising fears of further inst...
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Bank of Canada' increases rate to 5% - what does it means for Canadians?

The recent decision by the Bank of Canada to raise the interest rate to 5% could have significant implications for Canadians' finances in the current economic landscape. With higher borrowing costs, individuals may face increased expenses when obtaining mortgages, car loans, or personal loans. This could potentially limit their discretionary spending power, affecting their ability to make large purchases or invest in the economy. 

Moreover, homeowners with variable-rate mortgages or those renewing their mortgages may experience higher monthly payments, potentially straining their budgets. While savers may benefit from higher returns on savings accounts and fixed-term deposits, individuals with investments in bonds may face lower returns. Furthermore, a stronger Canadian dollar resulting from increased interest rates could impact export-dependent businesses, as it raises the relative cost of Canadian goods abroad. Overall, the impact of the rate hike on Canadians' finances will depend on various factors, including individual circumstances and the broader economic conditions.







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