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Ahead of the US Inflation Measure, Major Currencies Consolidate.

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Inflation

(VOR News) – On Wednesday, the United States dollar inflation remained stable against its major peers, even as investors assessed President-elect Donald Trump’s tariff commitments from the prior day.

Simultaneously, investors were closely monitoring a crucial inflation metric announced by the United States later that day. The Reserve Bank of New Zealand (RBN) reduced benchmark interest rates by fifty basis points, lowering them to 4.25%.

The RBN noted that inflation had declined to a level close to the midpoint of its planned range. Consequently, the value of the New Zealand dollar has appreciated.

Investors are apprehensive following President Trump’s commitment on Monday to implement substantial tariffs on Canada, Mexico, and China, the three principal trading partners of the United States.

Inflation occurred despite US responses later in the day, which reduced some.

“Markets are expected to remain volatile as a second Trump administration reintroduces uncertainty regarding policymaking in the United States,” stated Carol Kong, a currency strategist at Commonwealth Bank of Australia. “This probably indicates that markets will remain volatile.” The markets are expected to maintain significant volatility.

Given the prevailing uncertainty, markets may adopt a “sell first and inquire later” approach, potentially benefitting the United States dollar.

The dollar was last recorded at C$1.4052 against its Canadian counterpart, which is below the four-and-a-half-year peak of C$1.4178 reached on Tuesday. The dollar attained its peak this past Tuesday.

In the prior session, the dollar reached its peak level since July 2022. On Tuesday, the dollar continued to decline in inflation against the Mexican peso, coinciding with the latter’s peak value.

Since July 30th, the value of the United States dollar has not reached its maximum level relative to the Chinese yuan. This transpired on Tuesday.

A cease-fire agreement between Israel and the Iranian-backed militia Hezbollah is set to take effect on Wednesday, according to statements made by U.S. Vice President Joe Biden late on Tuesday. The United States and France served as mediators in the agreement, and both parties have confirmed their acceptance of its terms.

Three months have elapsed since the Israeli shekel reached its peak value, which transpired on Tuesday. Conversely, the inflationary yen maintained the gains acquired from safe-haven demand despite prevailing market turbulence.

In the latest trading session, the dollar experienced a decline of 0.19%, reaching a two-week low of 152.81 yen.

In recent days, the dollar has experienced considerable volatility. Shortly after President Trump announced late Friday night that hedge fund manager Scott Bessent would be appointed as United States Inflation Treasury Secretary, the stock market began to decline. Nevertheless, following Trump’s commitments concerning tariffs, it began to acquire traction and persistently escalate.

The dollar index experienced a decrease of 0.07%, reflecting the dollar’s value in relation to six other currencies.

The latest recorded value of the inflation dollar index was 106.83.

The Personal Consumption Expenditures (PCE) price index for October is scheduled for release later on Wednesday. This renders it the most consequential scheduled news event remaining this week.

Upon the release of the Inflation Federal Reserve’s November meeting minutes on Tuesday, it became apparent that a considerable number of policymakers concurred on the appropriateness of progressively reducing the extent of policy constraints in place.

The pound sterling experienced a 0.05% boost, recently trading at $1.25735, while the euro remained relatively stable at $1.0493.

The Australian dollar stabilized at $0.64755 during October due to domestic consumer price inflation persisting at a three-year low.

As per the cryptocurrency market, the price of bitcoin was $91,795, indicating a significant decline from its record high of $99,830 achieved the previous week.

Profit-taking has impeded Bitcoin’s ability to surpass the psychological threshold of $100,000.

It has increased by over forty percent since the United States election, and this growth is ascribed to the belief that Trump will ease the regulatory framework for cryptocurrencies.

SOURCE: BR

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The Canada Gun Ban Trudeau Adds 325 New Firearms

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The Canada Gun Ban Adds 325 New Firearms
Public Safety Minister Dominic LeBlanc says the Canada gun ban takes effect immediately

The Canada gun ban by Trudeau and his Liberals has added three-hundred and twenty-four firearm makes and models and variants to the banned weapons list, on Thursday.

“It is no longer legal to use, sell, or import these firearms in Canada,” Public Safety Minister Dominic LeBlanc informed reporters.

According to RCMP Deputy Commissioner Bryan Larkin, the models evaluated and included on the list are assault-style guns as defined by the government in 2020. In the past, the Liberals prohibited 1,500 models using that criterion.

Current owners will have until October 30 of next year to comply with the ban during an amnesty period. The government’s intended buy-back program will include the new models.

The Canadian Coalition for Firearm Rights (CCFR)’s Tracey Wilson blasted the Trudeau administration, claiming that the Liberals have not learnt anything from their eight-year effort to seize firearms from their rightful owners.

“They know they are out of time and Canadians are out of money, so this is just typical Liberal Party divide-and-conquer politics,” she added. They are aware that in less than ten months, the Conservatives will repeal everything.

They haven’t responded to law enforcement’s pleas, taken action against violent offenders who commit the same crimes repeatedly, or used an Order in Council to address the daily violence that afflicts Canada. Nothing.

Wilson also took issue with the government’s summary implementation of gun control laws through orders-in-council rather than through legislation.

Nicolas Johnson, a policy analyst and editor of thegunblog.ca, stated that he is not aware of any gun owner who expresses any desire or motivation to surrender their lawfully acquired firearms.

He told the Toronto Sun, “The Liberals have no idea how to carry out their confiscation fantasy, no money to pay for it, and no way to enforce it.” “With this most recent measure, the Liberals are coming across as more extreme, desperate, and weak.”

Even Liberal MPs opposed the Trudeau Liberals’ earlier attempts to impose universal gun control laws because they were so unpopular.

The Liberals subtly introduced two amendments to their gun control bill C-21 in 2022, which would have prohibited the lawful guns used by sport shooters and hunters on a daily basis.

Following strong resistance from hunters, sports shooters, and First Nations, the Liberals retracted those proposals. The opposition Conservatives called this a “humiliating climb-down” for the prime minister.

As of this writing, there is no list of the Canada gun ban for these 325 prohibited firearms.

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Man Leaps onto Polar Bear to Defend His Wife in Northern Canada

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Polar bear, Canada
The unnamed man suffered serious injuries but is expected to recover

Police say a man in Canada’s far north is recovering from injuries sustained when he jumped atop a polar bear to protect his wife from mauling.

The incident occurred at Fort Severn First Nations, a small community of approximately 400 people in far northern Ontario.

The nameless man was seriously injured but is likely to recover, according to a First Nations police officer.

On Tuesday, about 05:00 local time (11:00 GMT), the couple exited their house to find their dogs, when a bear on the driveway sprang at the man’s wife. He instantly jumped onto a polar bear to defend his wife from getting mauled.

“The woman slipped to the ground as her husband leapt onto the animal to prevent its attack,” police said in a statement. “The bear then attacked the man, causing serious but non-life-threatening injuries to his arm and legs.”

A neighbour arrived with a rifle and shot the bear multiple times. It retreated into the neighbouring woods, where it perished from its injuries.

He was later was transferred to a community nursing station and treated for his injuries.

Police stated they “continued to patrol the area to ensure there were no other bears roaming the community.”

According to Alysa McCall, a scientist with Polar Bear International, polar bears rarely attack humans.

When an attack occurs, the bear is frequently hungry, young, and ill, she explained. Normally, bears avoid human towns and prefer to hunt ice seals at sea.

“If you’re attacked by a polar bear, definitely do not play dead — that is a myth, “you fight as long as you can.”

According to Wikipedia, Fort Severn First Nation is a Western Swampy Cree First Nation band government located on the Severn River near Hudson Bay. It is the most northern community in Ontario, Canada. In 2001, the population was 401, consisting of 90 families in an area of 40 square kilometres.

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Macron of France Will Complete His Tenure And Choose a New Prime Minister Shortly.

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Macron
AFP

(VOR News) – The current French President, Emmanuel Macron, reportedly promised on Thursday to stay in office until the end of his term, which runs until 2027.

Moreover, he said he would appoint a new Prime Minister within a few days after Michel Barnier left, which explained his dismissal from the Prime Ministerial post.

Macron emerged the day following the unheard-of National Assembly vote of no confidence. The vote of no confidence left France without a functioning government. Instead of owning the flaws in his own government, he blamed his opponent on the extreme right for the downfall of Barnier’s rule.

They arrived at a decision. He described using the phrase “not to do but to undo”. “They preferred anarchy.”

According to the US President, the far-right and far-left have teamed to produce what he calls “an anti-Republican front.”

Furthermore, Macron’s carelessness will not be blamed on him.

Although he did not say anything about the name of the next prime minister in his statement, he said that he would choose a new prime minister during the next days.

The Elysee presidential palace’s communiqué said that President Macron “acknowledged” the resignation Barnier had turned in earlier that day. According to the statement, until a new government is chosen, Barnier and other ministers will keep responsibility for current affairs. The sentence included this phrase.

Following just three months in office, Barnier was obliged to resign as prime minister, hence shortening his tenure in modern France. Support for the no-confidence resolution—which the National Assembly finally approved—was shown in 331 votes overall.

In a parliament without a majority, Macron must choose a successor able of running a minority government. This is a difficult project. President of the National Assembly Yael Braun-Pivet, a Macron party member, advised him to act quickly.

Braun-Pivet made a statement on Thursday that France Inter radio carried. “I advise that he promptly pick a new prime minister,” she said. Regarding political issues, uncertainty had no place. Essential is a leader who can successfully interact with all the stakeholders and help to approve a new budget item.

Still, the approach could be difficult. French media claims that a shortlist of moderate candidates with ability to appeal to both political extremes has been produced. Still, Macron’s government has not confirmed any of the recommended public post choices.

Concerns have been voiced regarding possible delays this time resulting from Macron’s extended two-month term to name a replacement to Barnier following the June legislative elections’s loss by his party.

Following the no-confidence vote, Macron has been called on to resign.

Leading far-left France Unbowed party member Manuel Bompard said on BFM TV Wednesday night, “I contend that stability necessitates the resignation of the President of the Republic.” Bompard was addressing the matter involving the Republic’s President. Bompard was considering the matter at that moment.

The head of the National Rally, the party with the most Assembly seats, Marine Le Pen said that “the pressure on the President of the Republic will intensify” but did not demand Macron’s resignation. This happens even though she refrained from advocating Macron’s leaving.

On the other hand, Macron has rejected these demands and declared that under his government there would not be any further legislative elections. The French constitution states that should their administration be ousted by the National Assembly or should the National Assembly decide to dissolve the government, a president is not obliged to retire.

“I will execute that mandate; I was elected to serve until 2027,” he said to reporters earlier this week. “I will totally meet that mandate.” “I will fulfil that mandate.”

The constitution says that fresh legislative elections cannot take place before July. For those assigned policy formulation, this might cause an impasse.

Political unrest has heightened worries about France’s economy, especially with relation to the national debt, which, should significant action not be taken, may equal seven percent of GDP.

The collapse of Barnier’s government could cause a rise in French interest rates, therefore aggravating the debt load of the country. This is grounded in analysts’ evaluations.

SOURCE: VA

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