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Bank of Canada Holds the Line as Global Turmoil Clouds Outlook

  Bank of Canada Governor Tiff Macklem takes part in a press conference in Ottawa on September 17, 2025 The Bank of Canada has opted to keep its key interest rate steady at 2.25%, a decision that reflects the delicate balancing act policymakers face as global uncertainty intensifies. With inflationary pressures rising and economic growth showing signs of strain, the central bank is navigating a narrow path shaped by forces largely outside its control. A major driver of the current tension is the surge in oil prices triggered by ongoing geopolitical conflict. Higher energy costs are feeding into broader inflation, raising concerns that price pressures could become more persistent. At the same time, elevated borrowing costs and weakening consumer confidence are weighing on domestic economic momentum. By holding the rate, the Bank of Canada signals caution: it aims to avoid stifling growth while still keeping inflation expectations anchored. The central bank emphasized that it rema...
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Israelis Rally in Largest Anti-Government Protest Since Gaza War

 


Tens of thousands of Israelis converged outside the parliament building in Jerusalem on Sunday, marking the largest anti-government demonstration since the country entered conflict with Hamas in October. The protesters voiced their grievances, urging the government to take decisive action.

Key Points:

  1. Hostage Crisis: The demonstrators passionately called for a ceasefire deal to secure the release of dozens of hostages held by the Hamas militant group in Gaza. Families of the captives were among the crowd, their anguish palpable.
  2. Early Elections: In addition to the hostage issue, the protesters demanded early elections, nearly two years ahead of schedule. Their collective voice echoed through the streets, emphasizing the urgency of political change.
  3. Netanyahu Under Scrutiny: Prime Minister Benjamin Netanyahu faced mounting criticism during the rally. Many protesters viewed him as an obstacle to resolving the crisis. Despite his vow to dismantle Hamas and bring the hostages home, tangible progress remained elusive.
  4. Hamas Resilience: While Hamas suffered significant losses, it continued to operate. The group’s battalions remained active, and the remaining hostages’ families feared time was running out.
  5. Road Safety Controversy: Police actions during the demonstration sparked controversy. Selective enforcement of traffic rules led to several arrests. Protesters accused the authorities of using obscure traffic regulations as a pretext for stifling their right to protest.

The crowd stretched for blocks around the Knesset, and organizers pledged to sustain the demonstration for several days. Netanyahu, in a televised speech, acknowledged the pain of the hostages’ families but cautioned against early elections, citing potential paralysis for the nation.

As the sun set over Jerusalem, the city bore witness to a powerful display of civic engagement. The struggle for peace and accountability continues, echoing through the ancient streets.


Sources: 1: Israelis rally in their largest anti-government protest since the war in Gaza began 2: Tens of thousands Israelis rally in the largest anti-government protest since the start of Gaza war

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