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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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First Votes in U.S. Election Result in Trump-Harris Tie

 

In a surprising start to the U.S. presidential election, the first votes cast in the small community of Dixville Notch, New Hampshire, have resulted in a tie between former President Donald Trump and Vice President Kamala Harris. Each candidate received three votes, reflecting the incredibly close race that has been predicted by opinion polls.

Dixville Notch, known for its tradition of midnight voting, has once again kicked off Election Day with its early results. This tiny hamlet, with a population of just six, has been the first to report its results for decades. The tie underscores the intense competition between Trump and Harris as they vie for the presidency.

As the rest of the country prepares to cast their ballots, the early tie in Dixville Notch sets the stage for what promises to be a closely contested election. Both campaigns are making their final pushes to mobilize voters, with key battleground states expected to play a crucial role in determining the outcome.

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