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5 Things to Know Today: The Money News Shaping Your Week

5 Things to Know Today: The Money News Shaping Your Week 1. Canada’s Economy Grew Faster Than Expected Canada’s economy expanded at an annualized 2.6% in Q4, driven by stronger household spending, exports, and business investment. 2. Manitoba Fast‑Tracks Major Infrastructure Projects A new federal‑provincial agreement introduces a “one project, one review” system to accelerate ports, highways, and energy corridors. 3. Job Market Shows a Small but Positive Uptick Canada added 14,000 jobs in March, with wages rising 4.7% — a key factor ahead of the Bank of Canada’s April 29 rate decision. 4. Oil Markets Remain Volatile After Hormuz Reopening Iran has reopened the Strait of Hormuz, but analysts warn global oil markets may take time to stabilize. 5. Canadians Face Rising Affordability Pressures More Canadians are turning to budgeting tools as inflation, energy costs, and housing pressures persist.
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Israel Strikes Hezbollah Targets Deep Inside Lebanon: Escalating Tensions and Aerial Confrontations

In a significant escalation of hostilities, the Israeli Air Force carried out rare strikes on targets deep inside Lebanon. These strikes, which occurred on Monday, have raised concerns and revived tensions in the region. Here are the key details:

  1. The Strikes: Israeli warplanes targeted locations associated with the militant Hezbollah group within Lebanese territory. The strikes were notably deep into Lebanon, near the northeastern city of Baalbek. Residents reported explosions, and at least two people lost their lives in the attacks.

  2. Hezbollah’s Response: The Israeli strikes came shortly after Hezbollah claimed to have shot down an Israeli drone using its air defense system. This incident further heightened the already tense situation along the Lebanon-Israel border.

  3. Context: These strikes mark some of the deepest Israeli military actions within Lebanon since the onset of the Israel-Hamas war more than four months ago. The conflict has been ongoing, and the recent events underscore the volatility of the region.

  4. Cease-Fire Talks: Interestingly, these strikes occurred just a day after Israel’s Defense Minister, Yoav Gallant, vowed to intensify attacks on Hezbollah, even if a cease-fire is reached with Hamas in the Gaza Strip.

As the situation unfolds, the international community closely monitors developments in the Middle East. The delicate balance between regional powers remains precarious, and any further escalation could have far-reaching consequences.


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