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Canada Holds Steady: Interest Rate Pause Signals Cautious Confidence

                      The Bank of Canada also held its policy rate at its last scheduled rate announcement in December. The Bank of Canada has opted to keep its key interest rate at 2.25% , a move that underscores a careful balancing act as the country approaches a pivotal moment in North American trade relations. With CUSMA (the Canada‑United States‑Mexico Agreement) negotiations on the horizon, policymakers appear intent on maintaining stability while assessing potential economic turbulence. The decision reflects a mix of optimism and prudence. Inflation has been easing gradually, giving the central bank some breathing room. At the same time, global economic uncertainty and the high stakes of upcoming trade talks mean officials are reluctant to introduce new variables into the financial system. By holding the rate steady, the Bank of Canada signals confidence in the economy’s underlying resilience while acknowledgin...
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Israeli Attack on Rafah Tent Camp Draws Global Condemnation

 

In a tragic incident, an Israeli airstrike killed at least 35 people in a tent camp in the Gaza city of Rafah. The strike occurred late on Sunday night, setting tents and rickety shelters ablaze. As Palestinian families rushed to hospitals to prepare their dead for burial, scenes reminiscent of the ongoing war unfolded. Women wept, and men held prayers beside bodies in shrouds.

The area targeted in Rafah had been designated as a safe zone, yet the attack occurred despite this. European leaders swiftly condemned the strike, urging the implementation of a World Court ruling to halt Israel’s offensive. Despite the global outcry over civilian casualties, Israeli tanks continued to bombard other areas of the city, resulting in eight more deaths on Monday.

Israel’s military claimed that the air attack, based on “precise intelligence,” had eliminated the chief of staff for Hamas, the militant group operating in the West Bank. However, many of the victims were women and children, and the death toll is expected to rise as some remain in critical condition with severe burns.

Germany’s foreign minister, Annalena Baerbock, and the EU foreign policy chief, Josep Borrell, emphasized that international humanitarian law applies to all parties involved in the conflict. Israel’s top military prosecutor also called the air strike “very grave,” and an investigation is underway.

Despite a recent ruling by the top U.N. court ordering Israel to stop its attacks on Rafah, the country has continued its offensive, arguing that the court’s decision allows for some scope of military action. The situation remains dire, and the world watches as Rafah burns.

By daylight, the camp lay in ruins—smoking wreckage, twisted metal, and charred belongings. Residents, grieving their lost loved ones, expressed their frustration at being misled about safety in Rafah’s western areas. The tragedy underscores the urgent need for a peaceful resolution to the conflict, one that prioritizes civilian lives and adheres to international law.

Let us hope that global leaders take decisive action to prevent further loss of life and bring an end to the suffering in Rafah. 

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