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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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Tragic Toll: 274 Palestinians Killed in Israeli Raid to Rescue Hostages

 

In a devastating operation, at least 274 Palestinians, including dozens of children, lost their lives during an Israeli raid that successfully rescued four hostages held by Hamas. The complex daytime operation unfolded deep in central Gaza, where Israeli forces faced heavy fire. The toll of this rescue mission underscores the immense cost of conflict in the region, adding to the already soaring casualties from the 8-month-old war ignited by Hamas’ earlier attack. The situation remains fraught, with scores of hostages believed to be held in densely populated areas or within Hamas’ intricate tunnel network, making rescues perilous and complex.

The tragic scenes at Gaza hospitals reveal the chaos and carnage. Overwhelmed medical facilities were already grappling with treating the wounded from days of intense Israeli strikes. Children, burnt and in shock, screamed for their parents. Amidst this horror, a special forces officer was killed during the operation, emphasizing the risks faced by those involved.

This grim incident serves as a stark reminder of the human cost of conflict and the urgent need for peace in the region. Our hearts go out to the families affected by this tragedy, and we hope for a future where such devastating operations are no longer necessary.

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