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Shock and Sorrow After Deadly Shooting in Tumbler Ridge

A video screenshot shows students being escorted out of school in Tumbler Ridge, B.C., where seven people were killed in a mass shooting on Tuesday. Two more people were found dead at a residence nearby. A sense of disbelief hangs over the small community of Tumbler Ridge, B.C., after a mass shooting left ten people dead, including the suspected gunman. The violence erupted midday, prompting an urgent police response and a shelter‑in‑place order as officers moved to secure the area. Authorities say the attack unfolded rapidly, leaving multiple victims before police located the suspected shooter, who was found dead from what appeared to be a self‑inflicted wound. Emergency crews worked through the afternoon to treat the injured and account for those inside the affected area. Provincial officials expressed deep grief and pledged support for the shaken community. Local leaders described the event as one of the darkest moments in the town’s history, emphasizing the need for collective s...
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Bank of Canada’s Rate Decision Hangs in the Balance Amid Trade Turmoil and Election Uncertainty

The Bank of Canada is facing a tough call on its latest interest rate decision, with market expectations nearly split between a rate cut and a pause. The central bank has already made seven consecutive cuts since June 2024, bringing its policy rate to 2.75%. However, ongoing trade tensions with the U.S. and uncertainty surrounding the upcoming federal election have complicated the outlook.

Recent inflation data showed a slowdown, with March’s annual inflation rate cooling to 2.3%. This has given policymakers more room to consider another rate cut, but concerns remain about the broader economic impact of U.S. tariffs on Canadian businesses and consumers. Some economists argue that a cut is necessary to cushion the economy, while others warn that holding steady might be the safer move.

Governor Tiff Macklem has acknowledged the “pervasive uncertainty” created by shifting trade policies, stating that multiple economic outcomes remain plausible. With consumer confidence shaken and the housing market struggling, the Bank’s decision today could have significant ripple effects across the economy.

Will the Bank of Canada opt for another cut, or will it hold firm in the face of uncertainty? The answer will shape Canada’s economic trajectory in the months ahead.

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