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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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Gaza’s Agony: Escalation Marks War’s First Anniversary

 

On the first anniversary of the war, Israel has significantly escalated its air and ground offensive in Gaza. The latest wave of attacks has targeted Hamas militants and command posts, causing widespread destruction and further straining the lives of civilians.

The renewed bombardment has intensified the already dire humanitarian situation in Gaza. Civilians, caught in the crossfire, are desperate for a return to calm. Many have lost their homes and loved ones, and the constant threat of violence has left the population in a state of perpetual fear.

Israeli officials have stated that the operations are necessary to dismantle Hamas’ military capabilities, which they claim are deeply embedded within civilian areas. However, the heavy toll on the civilian population has drawn international concern and calls for an immediate ceasefire.

As the conflict enters its second year, the prospects for peace remain uncertain. The international community continues to urge both sides to seek a diplomatic resolution to prevent further loss of life and suffering.



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