Latest World News
Bank of Canada Holds Rates Steady, Signals Potential Rate Hikes
Canada's central bank maintained its benchmark interest rate at 2.25 percent on Wednesday, marking the fourth consecutive hold since October 2025. Governor Tiff Macklem warned that if oil prices remain elevated due to the Iran conflict, consecutive rate increases may be necessary to combat rising inflation
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Oil Prices Surge Amid Iran-U.S. Conflict and Strait of Hormuz Blockade
Brent crude reached approximately US$109 per barrel as Iran blockaded the Strait of Hormuz, a waterway accounting for 20 percent of global oil supply. The blockade and Tehran's strikes on Persian Gulf energy sites have created a global fuel and energy crisis
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UAE Leaves OPEC Amid Global Oil Production Shifts
The United Arab Emirates announced its departure from OPEC as multiple countries increase oil production despite worsening climate concerns. This move reflects broader geopolitical and economic shifts in the global energy market.
U.S.-Iran Peace Talks Collapse, Israel Resumes Bombing Lebanon
Diplomatic efforts between the United States and Iran have stalled, leading to renewed military action in the region. The collapse marks a significant setback in Middle East peace efforts as the Iran war enters its third month
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Suspected WHCD Gunman Charged with Attempting to Assassinate Trump
A suspect has been charged in connection with an assassination attempt against former President Donald Trump at the White House Correspondents' Dinner. The incident underscores ongoing security concerns in the United States.
Deadly Train Crash in Indonesia Claims at Least 14 Lives
A tragic train accident in Indonesia resulted in at least 14 deaths and nearly 100 injuries, with passengers recalling the devastating collision. Emergency responders continue to assess the incident's full impact.
Colombia Highway Attack Kills at Least 19, Dozens Injured
An explosive detonation on a Colombian highway claimed at least 19 lives with dozens more injured. The incident represents a serious security concern in the region.
Canada Approves Enbridge's Sunrise Pipeline Expansion
Canadian authorities approved a US$22 billion pipeline expansion project by energy giant Shell, representing significant investment in the nation's energy infrastructure. The decision reflects ongoing energy sector development amid global market pressures.
Canada Unveils New Fiscal Plan with Billions for Skilled Trades
Canada announced a comprehensive fiscal plan allocating billions of dollars toward skilled trades training and development. The initiative aims to address workforce gaps in critical sectors.
Canadian Telecommunications Complaints Surge 61 Percent
Complaints regarding cellphone, internet, and television services in Canada increased by 61 percent, indicating growing consumer dissatisfaction with telecom providers. The surge reflects ongoing concerns about service quality and pricing.