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Canada Inflation Plunges On Lower Energy Prices

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Canada’s inflation rate plunged in April on lower energy prices, with food costs continuing to rise, the national statistical agency said Tuesday.

Overall prices rose 1.7 percent year over year, down from a 2.3 percent increase in March, Statistics Canada said.

This was largely driven by lower energy prices, with gasoline costs falling 18.1 percent and prices for natural gas down 14.1 percent after a federal levy on carbon pollution was cancelled and crude oil prices fell, the agency said.

Oil prices retreated due to lower demand as a result of tariffs disrupting international trade and increased supply.

The costs of food and travel tours, meanwhile, rose.

Food prices have been increasing at a faster pace over recent months than the overall rise in the costs of goods. The 3.8-percent increase in April was led by higher prices for fresh vegetables, beef, coffee and tea, sugar and prepared foods.

The cost of restaurant meals also increased in the month.

International News

Barca Transfermarket Values: Raphinha, 8 Others Drop, 3 Players Rise

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June 5th, Transfermarkt updated. The new market values of Barcelona players. Three players increased and nine decreased, with Raphinha dropping by 10 million to 70 million euros.

 

Increase (Euros)
Joan-Garcia increased by 5 million to 45 million

Eric-Garcia increased by 5 million to 40 million

Gerard-Martin increased by 10 million to 35 million

Decrease (Euros)
Raphinha decreased by 10 million to 70 million

Kounde decreased by 5 million to 60 million

Balde decreased by 5 million to 50 million

De Jong decreased by 10 million to 35 million

Casado decreased by 2 million to 18 million

Christensen decreased by 1 million to 8 million

Cancelo decreased by 1 million to 8 million

Lewandowski decreased by 1 million to 7 million

Szczesny decreased by 100,000 to 800,000

Unchanged (Euros)
Yamal 200 million

Pedri 150 million

Fermin 100 million

Cubarsi 80 million

Olmo 60 million

Ferran Torres 50 million

Rashford 40 million

Gavi 30 million

Bernal 30 million

Araujo 20 million

Bardghji 15 million

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Bitcoin Drops Below $60,000, First Time Since October 2024

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Bitcoin dropped below $60,000 on Friday, its lowest level since October 2024, just before Donald Trump’s election which propelled it to a record high.

 

The currency fell by about 6 percent around 1615 GMT, to $59.7709, before paring its losses slightly.

The election of Trump, a staunch advocate of cryptocurrencies, to the White House in November 2024 for a second term sparked a wave of enthusiasm in the sector, sending the price of bitcoin soaring to nearly $110,000.

 

AFP

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International News

Man City Threaten Legal Action Over Erling Haaland!

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Man City are considering taking legal action after a Real Madrid presedential candidate said he would sign Erling Haaland, if elected.

 

What actually happened?

Real presidential candidate Enrique Riquelme, who faces current president Florentino Perez in Sunday’s vote, claimed on Spanish TV show El Hormiguero on Wednesday night that Haaland had a release clause and wants to move to the Bernabeu. He also held up a Real shirt with ‘Haaland 9’ on the back.

Riquelme, who also promised to sign Haaland’s City team-mate Rodri, said: “If I break my promises regarding either of these players, I’ve signed a guarantee where I’d pay 100 per cent of membership costs for next season.

“Haaland has a release clause, and he wants to come to Madrid.”

What was City’s response?

However, Manchester City have moved quickly to refute those claims, saying in a statement that there is “no chance” Haaland will be leaving the Etihad Stadium any time soon. The Premier League club also said they are considering legal action over the shirt stunt.

A City spokesperson said in a statement: “The stories which have emerged from Spain regarding the future of Erling Haaland are untrue.

“There is no chance of this happening and there is no contractual clause to enable it.

“We are considering legal action for the use of our player image in this context.”

Haaland is under contract at the Etihad until the summer of 2034 and Haaland’s agent Rafaela Pimenta and his father Alfie Haaland laughed off suggestions the 25-year-old could soon be heading to the Spanish capital.

A joint-statement released in the early hours of Thursday morning said: “All very entertaining but not true. We wish all the best for both candidates in the Real Madrid elections.”

What was Perez’s response?

Meanwhile, current Real president Florentino Perez made his own election pledge on Wednesday night, seemingly confirming Jose Mourinho’s return to Real Madrid as manager, if he wins next Sunday’s presidential election.

Perez posted a video on X in which Mourinho features in a Real shirt saying: “Yes”, while the only other words to accompany it say: “Meanwhile, on TV, they just keep talking and talking and talking. So much history to be made.”

The video was posted in response to Riquelme’s TV apperaance promoting his rival bid.

Perez has made no secret of his intention to name Mourinho as head coach should he win the vote and remain for an eighth term in the role, but his social media post appears to have made it official.

Mourinho is widely expected to agree a three-year-deal to return to the Bernabeu Stadium and replace Alvaro Arbeloa, who was appointed in January after Xabi Alonso’s departure.

Benfica have yet to confirm Mourinho’s departure, while speculation has been mounting that Marco Silva is being lined up as his successor after the Portuguese announced he will leave Fulham when his contract expires in June.

Real Madrid’s presidential election on Sunday will be decided by the club’s members. It is the first contested election since 2006 as club members will choose between incumbent Perez, 79, and businessman Riquelme, 37.

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