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Bank of Canada Holds Steady as Middle East Conflict Fuels Inflation Concerns

                                     A cyclist rides past the Bank of Canada building in Ottawa, Ontario, Canada May 8, 2025. The Bank of Canada is widely expected to hold its key interest rate steady as policymakers weigh rising inflation risks driven by surging oil prices linked to the Middle East conflict. Economists note that while inflation remains near the midpoint of the target range, geopolitical uncertainty and higher energy costs are adding new pressure to the outlook.  The Bank of Canada is poised to maintain its benchmark interest rate at 2.25% , even as global tensions push oil prices higher and raise fresh concerns about inflation. Analysts expect the central bank to keep rates unchanged at its March meeting, emphasizing caution amid geopolitical instability and volatile energy markets.  Canada’s inflation rate currently sits near 2% , comfortably with...
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Canada Commits $60M to Haiti, Tied to UN Backing of U.S. Gang-Suppression Plan Article:

People displaced by gang violence are seen living at the Ministry of Public Works, Transport and Communications office converted into a shelter in Port-au-Prince, Haiti, earlier this month.

Canada has announced a $60 million aid package aimed at stabilizing Haiti amid escalating gang violence and political turmoil. The pledge, unveiled by Foreign Affairs Minister Anita Anand during a United Nations event, includes $20 million for maritime security in the Caribbean to curb the flow of arms and narcotics into Haiti.

The remaining $40 million is conditional on the UN’s endorsement of a U.S.-led initiative to transform the current police mission into a more aggressive “gang-suppression force.” This proposal, backed by the Trump administration, seeks to replace the existing UN police presence with a force capable of confronting Haiti’s increasingly brazen gangs.

Canada’s announcement comes as part of a broader diplomatic push at the UN General Assembly to address Haiti’s crisis, which has deepened since 2021. While some Canadian MPs have questioned whether troops might be deployed, Ottawa remains focused on supporting the U.S. plan through diplomatic channels. Critics, including the Bloc Québécois and Conservative MPs, have raised concerns about the potential misuse of foreign aid and the unchecked flow of American firearms into Haiti.


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