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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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Barack and Michelle Obama Endorse Kamala Harris for President

 

In a significant show of support, former President Barack Obama and first lady Michelle Obama have officially endorsed Vice President Kamala Harris for the 2024 presidential bid¹. The Obamas shared their endorsement in a heartfelt statement, expressing confidence in Harris's ability to lead the nation. Their endorsement is expected to bolster Harris's campaign and solidify her position as a front-runner in the race.

The announcement comes as no surprise, given the historic ties between the Obamas and Harris. Sixteen years ago, Barack Obama shattered barriers by becoming the first person of color to be elected president of the United States. Now, he and Michelle Obama are throwing their weight behind Harris, recognizing the historic significance of her candidacy³.

Harris, who has been serving as vice president, has already made waves with her progressive policies and commitment to social justice. With the Obamas' endorsement, her campaign gains crucial momentum, positioning her as a formidable contender in the upcoming election.

As the campaign trail heats up, all eyes will be on Kamala Harris, who carries the hopes and aspirations of many. With the Obamas firmly in her corner, she faces both high expectations and unwavering support. The road ahead promises to be historic, and Harris is ready to make her mark on American politics.



Source: Conversation with Copilot, 7/26/2024

(1) Barack and Michelle Obama endorse Kamala Harris, giving her expected but crucial support. https://www.msn.com/en-us/news/politics/barack-and-michelle-obama-endorse-kamala-harris-giving-her-expected-but-crucial-support/ar-BB1qFgW1.

(2) Barack and Michelle Obama endorse Kamala Harris: 'This is going to be historic.'. https://www.msn.com/en-us/news/other/barack-and-michelle-obama-endorse-kamala-harris-this-is-going-to-be-historic/ar-BB1qFmkD.

(3) See moment Barack and Michelle Obama endorse Kamala Harris for ... - CNN. https://www.cnn.com/2024/07/26/politics/video/kamala-harris-barack-michelle-obama-endorsement-president-ctm-ldn-digvid.

(4) Barack and Michelle Obama Endorse Kamala Harris for President - Variety. https://variety.com/2024/politics/news/barack-michelle-obama-endorse-kamala-harris-president-1236086147/.

(5) Barack Obama and Michelle Obama Endorse Kamala Harris for President. https://www.hollywoodreporter.com/news/politics-news/barack-obama-michelle-obama-endorse-kamala-harris-president-election-2024-1235958617/.

(6) Barack, Michelle Obama endorse Vice President Kamala Harris for president. https://www.msn.com/en-us/news/other/barack-michelle-obama-endorse-vice-president-kamala-harris-for-president/ar-BB1qFRBD.

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