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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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Canada Post Strike Threatens to Derail Critical Holiday Season for Retailers

 

As the holiday season approaches, a strike by over 55,000 Canada Post workers threatens to disrupt deliveries across the country. The Canadian Union of Postal Workers (CUPW) initiated the strike after failed negotiations with the Crown corporation over wages, working conditions, and other issues.

The timing couldn't be worse for retailers, who rely heavily on timely deliveries during this peak shopping period. With mail and parcels not being processed or delivered, businesses are scrambling to find alternative shipping solutions. Rural and remote communities, which depend solely on Canada Post, are expected to be hit the hardest.

While the strike has caused significant concern, Canada Post has assured that government benefit cheques, such as Old Age Security and the Canada Child Benefit, will still be delivered during the strike. However, the overall impact on retailers and consumers remains uncertain, and the situation is being closely monitored as the holiday season kicks into full gear.

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