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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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U.S. Presidential Election: Key Updates and What to Watch For

 

As the U.S. presidential election approaches, both candidates are making their final push to secure votes. Former President Donald Trump and Vice President Kamala Harris are focusing on key battleground states, with rallies and events planned throughout the day.

Trump is scheduled to hold rallies in North Carolina and Pennsylvania, ending his day in Grand Rapids, Michigan. Harris will spend the day in Pennsylvania, visiting cities like Scranton, Allentown, Reading, Pittsburgh, and Philadelphia. Both campaigns are emphasizing the importance of voter turnout, with millions of Americans having already cast their early ballots.

Polls show a tight race, with several key states expected to determine the outcome. The candidates are making their final appeals to voters, highlighting their respective platforms and addressing critical issues such as the economy, healthcare, and national security.

As the nation prepares for Election Day, the world watches closely, anticipating the results of this historic election.



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