EUR/USD 1.14360
0.035%
Gold 4174.79
1.240%
Oil 68.721
0.443%
USD/JPY 161.359
0.158%
GBP/USD 1.33524
0.049%
GBP/JPY 215.459
0.223%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 4th - At 17:30 Beijing time on July 4, 2026, my country successfully launched the Qianfan Polar Orbit 13 satellite constellation into its predetermined orbit using a Long March 6A carrier rocket from the Taiyuan Satellite Launch Center. The launch mission was a complete success.On July 4th, European Central Bank (ECB) Governing Council member Mohelan stated on Saturday that following last months interest rate hike, data shows inflation has fallen with the plunge in oil prices, placing the ECB in a "favorable position." The ECB does not provide forward guidance, so it will not reveal its plans for July. However, the rapid decline in oil prices has provided some relief and puts the ECB in a more advantageous position regarding interest rates. Mohelan also stated that the ECBs 2.25% interest rate is "very low" compared to other central banks, and the June rate hike was "reasonable" under any circumstances. He further pointed out that the ECBs communication at the time indicated that this rate hike was not the start of a new tightening cycle.German Chancellor Merz spoke by phone with Ukrainian President Zelensky to discuss Russian airstrikes on Kyiv and other parts of Ukraine.July 4 - From today (July 4) to the 6th, public farewell and memorial services for the late Iranian Supreme Leader Ayatollah Khamenei will be held in Tehran, the capital of Iran. It is estimated that 15 to 20 million Iranians will come to bid farewell to Khamenei.July 4 (Xinhua) -- The Malian Armed Forces issued a statement on July 4 saying that military positions in several parts of Mali were attacked early that morning, and the military is currently monitoring the situation. The statement said the attacked positions were located in Agailok, Anefisse, and Gao in the north, and Sevare in the central part of the country. The statement did not specify the identity of the attackers, the details of the attack, or whether there were any casualties. Mali has experienced a prolonged period of instability since 2012, with frequent terrorist attacks, armed conflicts, and ethnic violence. In recent years, the Malian military has repeatedly stated its commitment to continuing its fight against terrorism and armed groups within the country.

The Front-Runner for The Conservative Party of Canada Would Outlaw a Central Bank Digital Money

Cory Russell

Apr 29, 2022 09:39

Pierre Poilievre, who is running on a promise to make Canada the world's blockchain capital, also said he will guarantee that the central bank's balance sheet is regularly audited, including an examination of the COVID pandemic bond-buying program.


"A Poilievre government would outlaw a central bank digital currency and give Canadians the economic and financial freedom they deserve," he told reporters gathered outside Canada's central bank in Ottawa.


Poilievre, a Conservative member of parliament since 2004, is polling at the top of all surveys ahead of a vote in September to elect a new leader for Canada's largest opposition party. Because Prime Minister Justin Trudeau's Liberals have a political support pact with the New Democrats, a tiny left-leaning party, if he is elected, he will most likely have to wait until 2025 for the next federal election.


When Erin O'Toole was dismissed as Conservative leader in early February after failing to defeat Trudeau in last year's election, the leadership competition was sparked.


Poilievre has blamed Canada's high inflation rate on the central bank's rampant purchases of government bonds in his campaigning, and has said that cryptocurrencies such as Bitcoin are a viable method to "opt-out of inflation."


Officials from the central bank shot down the assertions this week.


"We don't view cryptocurrencies as a vehicle for Canadians to opt out of inflation or as a reliable source of value," said Carolyn Rogers, senior deputy governor of the Bank of Canada, addressed MPs on Monday.


Governor Tiff Macklem also said that the Canadian dollar would continue to be at the heart of the country's financial system.


On Thursday, the Bank of Canada had no quick comment.


For some years, the central bank has been developing a digital currency (CBDC). The CBDC is presently under development, but the federal government will make the ultimate decision on its introduction.


In March, Canada's inflation rate reached a 31-year high of 6.7 percent. In the face of tremendous demand and supply chain restrictions, countries all over the globe are battling with out-of-control pricing. The invasion of Ukraine by Russia has driven up commodity prices, exacerbating the situation.

Suggestion