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UK inflation accelerated to3.1% in August from 2.9% in July, marking the highest annual rate in five months. The increase came as fuel and travel-related prices rose, with the renewed global energy shock becoming an increasingly important influence on domestic inflation.
The Federal Reserve has moved back into tightening territory as inflation remains above its 2% objective. TheCentral Bankincreased the federal funds target range by 25 basis points to3.75%-4%, with the decision approved unanimously.
Canada is strengthening the framework surrounding its Broadband Fund as the federal telecommunications regulator increases its focus on protecting Canadians from internet and cellphone service outages.
Canada's defence policy is undergoing a significant expansion as Prime Minister Mark Carney's government attempts to strengthen national security while simultaneously building domestic industrial capacity.
Canada is placing greater emphasis on Singapore as Ottawa seeks to deepen relationships across the Indo-Pacific and expand its network of international economic partners.
Canada's federal government is making the creation of a more integrated domestic economy one of the central pillars of its economic agenda.
Canada’s LNG strategy has received another boost after Ksi Lisims LNG signed a long-termSupplyagreement with Australia’s Santos.
Canada-US trade relations have entered another difficult phase after Washington moved to restrict Canadian-origin goods in US federal civil-government procurement.
The US dollar has become one of the most important global macroeconomic developments after the Federal Reserve raised its benchmark interest-rate range by 25 basis points to 3.75%-4%.
Asian currencies have come under renewed pressure following the Federal Reserve's latest interest-rate increase and a sharp rise in the US dollar.
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