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5 Things to Know Today: Canada’s Money Headlines

1. Bank of Canada expected to hold rates amid Iran‑war price pressures The Bank of Canada is preparing its next rate decision, with policymakers weighing inflation risks tied to the Iran conflict. Markets expect a hold as the Bank releases its new monetary policy report this week.  2. Oil & energy costs rise as global uncertainty persists Oil prices climbed more than US$2.50 as geopolitical tensions continue to influence global supply expectations. Canadian producers are also facing scrutiny, including Cenovus’s Newfoundland oilfield extension, which is projected to increase emissions by 21%. 3. Inflation pressures remain elevated for Canadian households Canada’s annual inflation rate rose to 2.4% in March , driven largely by higher gas prices. Rising costs continue to squeeze consumers, with food and essentials remaining stubbornly expensive.  4. Retail sales slow as Canadians pull back New data shows retail sales growth is losing momentum as households tighten bu...
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Yemen’s Houthi Rebels Launch Missile at U.S. Warship in Gulf of Aden

 


Yemen’s Houthi rebels have launched a missile at a U.S. warship patrolling the Gulf of Aden, forcing it to shoot down the projectile. This marks a further escalation in the biggest confrontation at sea the U.S. Navy has seen in the Middle East in decades. 

The attack on the destroyer USS Carney is the first time the Houthis directly targeted a U.S. warship since the rebels began their attacks on shipping in October. The missile was successfully shot down by USS Carney, and there were no injuries or damage reported.

The conflict in the Middle East has been escalating for years, and this recent attack is a reminder of the ongoing tensions in the region. The U.S. Navy has been involved in the Middle East for decades, and this latest attack highlights the dangers that sailors face while patrolling the region’s waters.


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