You'll be surprised to learn that Dubai has these ten things...Weakening economy convinces BoC to hold key rate, but door to more hikes stays open
OTTAWA — The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins to falter. “With recent evidence that excess demand in the economy is easing, and given the lagging effects of monetary policy, governing council decided to hold the policy interest rate at five per cent,” the central bank said in a news release.
Donald's Trump's Truth Social got a lifeline this week after a blank-check company that could infuse the social media platform with cash agreed to extend a critical deadline for a year. Digital World Acquisition Corp., a special-purpose acquisition company, or SPAC, had a Friday deadline to complete its acquisition of, or merger with, Truth Social parent Trump Media & Technology Group.
Source: News Formal (newsformal.com)
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