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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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Canada Explores Participation in U.S. ‘Golden Dome’ Missile Defense System


Canada is in discussions with the United States about joining the proposed Golden Dome missile defense system, a project spearheaded by U.S. President Donald Trump. The initiative, inspired by Israel’s Iron Dome, aims to provide advanced protection against aerial threats, including intercontinental and hypersonic missiles.

The Canadian government has confirmed that talks are ongoing, with Prime Minister Mark Carney’s office stating that security cooperation with the U.S. is a priority. While details remain unclear, Canada’s potential involvement could align with efforts to modernize NORAD, the longstanding North American Aerospace Defense Command.

Trump has emphasized that Canada would be expected to contribute financially to the project, which carries an estimated price tag of $175 billion. Experts remain skeptical about the feasibility of completing such an ambitious system within the proposed timeline, citing technological and budgetary challenges.

As discussions progress, Canada’s role in the Golden Dome system will likely become clearer, shaping the future of North American defense strategy.

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