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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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Israeli Airstrikes Intensify in Southern Beirut Suburbs

 

On Sunday morning, Israeli jets launched a series of intense airstrikes targeting buildings in the southern suburbs of Beirut, an area known to be a stronghold of Hezbollah. The strikes come amid escalating tensions and ongoing conflict in the region.

According to local reports, the airstrikes hit multiple buildings in the Dahiya neighborhood, causing significant damage and resulting in casualties. Lebanese authorities have confirmed at least six fatalities and 15 injuries from the attacks. The Israel Defense Forces (IDF) had issued evacuation warnings to residents in the targeted areas hours before the strikes.

The escalation follows a series of retaliatory actions between Hezbollah and Israeli forces, with both sides sustaining losses. The Lebanese government is currently reviewing a ceasefire proposal brokered by the United States, but the situation remains volatile.

As the conflict continues to unfold, the international community watches closely, urging both parties to de-escalate and seek a peaceful resolution.


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