Singapore loosened its monetary policy for the first time since 2020, citing a faster decline in inflation and warning of a growth slowdown. The Monetary Authority of Singapore slightly reduced the slope of its exchange rate policy band, with growth momentum expected to slow, and core inflation moderating more quickly than expected. The GDP growth is projected to be 1%-3% in 2025, with the Singapore dollar weakening slightly against the greenback after the decision.
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Province sends $19 million to Windsor for road improvements
The Ontario government announced a $19 million investment for road projects in Windsor to alleviate traffic congestion and support new housing developments on the east side, with MPP Andrew Dowie emphasizing the need for safe, affordable housing. The funding will facilitate the construction of over 3,000 new homes by improving infrastructure, including extending Wyandotte Street East, widening Banwell Road, and upgrading the intersection at Banwell and McNorton Street. Mayor Drew Dilkens highlighted the significance of...
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