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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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Tragedy in Gaza: UN Reports Mass Killing of Medics

 

The United Nations has reported a devastating incident in southern Gaza, where 15 Palestinian medics and emergency responders were killed by Israeli troops and buried in a mass grave. The medics, including workers from the Palestinian Red Crescent and Gaza’s Civil Defense, were reportedly on a mission to rescue casualties when they were struck down. Their vehicles were clearly marked as humanitarian, according to the Palestinian Red Crescent, which has accused Israeli forces of targeting them "in cold blood."

The Israeli military has stated that its troops fired on vehicles that approached them "suspiciously" without identification. However, the UN and other humanitarian organizations have raised concerns about the targeting of medical personnel, calling it one of the deadliest attacks on aid workers in recent years.

This tragic event has drawn international condemnation and highlighted the ongoing humanitarian crisis in Gaza, where medical and emergency teams often operate under life-threatening conditions. The incident underscores the urgent need for accountability and the protection of humanitarian workers in conflict zones.

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