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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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U.K. Halts Trade Negotiations with Israel Amid Gaza Conflict Concerns


The United Kingdom has suspended free trade negotiations with Israel, citing concerns over the ongoing war in Gaza and the humanitarian crisis unfolding in the region. British Foreign Secretary David Lammy announced the decision, condemning Israel’s military escalation and restrictions on aid deliveries to Palestinian civilians.

The move comes as international pressure mounts on Israel to ease its blockade of Gaza, which has led to warnings of famine and severe shortages of essential supplies. The U.K. government also imposed sanctions on illegal Israeli settlements in the occupied West Bank, targeting individuals and organizations linked to violence against Palestinian communities.

Prime Minister Keir Starmer reinforced Britain’s stance, calling the suffering of children in Gaza “utterly intolerable” and urging Israel to lift restrictions on humanitarian aid. The suspension of trade talks marks a significant diplomatic shift, as the U.K. joins other nations in demanding accountability for Israel’s actions in Gaza and the West Bank.

Israel has defended its military operations, arguing that they are necessary for national security. However, the U.K.’s decision signals growing frustration among Western allies over the escalating conflict and its impact on civilians.

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