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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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The Royal Canadian Mounted Police (RCMP) have announced a scaled-back search for six-year-old Lily Sullivan and four-year-old Jack Sullivan, who went missing from their home in Lansdowne Station, Nova Scotia, six days ago. Despite the adjustment, authorities emphasize that the investigation remains active and ongoing.

The search, which has involved multiple agencies, helicopters, drones, and hundreds of volunteers, has covered approximately four square kilometers of dense forest. Officials cite challenging terrain, exhaustion among search teams, and the probability of survival as factors in their decision to reduce the scale of operations. However, they stress that efforts will continue, with investigators revisiting key areas to ensure no clues are overlooked.

The children's stepfather, Daniel Martell, expressed gratitude for the extensive search efforts and the support from the community. While authorities maintain that there is no evidence of abduction, Martell remains hopeful and has urged officials to expand the search beyond provincial borders.

RCMP Staff Sgt. Curtis MacKinnon reassured the public that the investigation is far from over. "We’re not packing up, and we’re not giving up," he stated, emphasizing that the search will persist until Lily and Jack are found.

As the community holds onto hope, authorities continue their work, determined to bring the missing children home.

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