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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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Trump and Putin: A High-Stakes Call for Peace

In a pivotal moment for international diplomacy, U.S. President Donald Trump is set to hold a phone call with Russian President Vladimir Putin. The conversation, scheduled for today, aims to address the ongoing conflict in Ukraine and explore the possibility of a 30-day ceasefire. This marks the first direct interaction between the two leaders since Ukraine agreed to a U.S.-backed truce proposal last week.

President Trump has expressed optimism about the call, describing it as a chance to "work a peace agreement, a ceasefire, and peace". However, the stakes are high, with both leaders expected to discuss contentious issues, including territorial concessions and control over critical infrastructure. Ukrainian President Volodymyr Zelenskyy has voiced concerns about potential compromises, emphasizing the importance of maintaining Ukraine's sovereignty.

As the world watches, the outcome of this call could set the tone for future U.S.-Russia relations and the broader geopolitical landscape. Whether this test of deal-making strength will yield tangible results remains to be seen.

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