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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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Autumn Equinox Arrives Monday: Shorter Days, Colder Nights Ahead

 


The Northern Hemisphere will officially welcome fall on Monday, September 22 at 2:19 p.m. EDT, marking the autumnal equinox. As the season shifts, here are three key changes to expect:

  • Daylight Shrinks Fast – From the first day of fall to the winter solstice, daylight hours will drop from about 12 hours 8 minutes to just 9 hours 27 minutes, making mornings and evenings noticeably darker.

  • Clocks Fall Back – Daylight Saving Time ends on Sunday, November 2, when clocks are set back one hour in most of Canada. The change can affect mood and energy levels due to reduced sunlight exposure.

  • Temperatures Tumble – Average daytime highs will plunge as winter nears. Edmonton could see a 22°C drop by late December, Toronto nearly 20°C, and Halifax about 17°C.

The seasonal shift is a reminder to prepare for colder weather, shorter days, and the long march toward winter.


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