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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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Olmert Rebukes Netanyahu Over Carney Remarks, Urges Canada-Israel Friendship

 

Former Israeli Prime Minister Ehud Olmert has sharply criticized Benjamin Netanyahu for portraying Canadian Prime Minister Mark Carney as “an enemy of Israel.” Speaking at an Institute for Peace and Diplomacy conference in Ottawa, Olmert stressed that Canadians should distinguish between opposing Israel’s government and opposing the Israeli people.

“I only advise the people of Canada to oppose the Israeli government. That’s perfectly legitimate,” Olmert said. “Don’t oppose the State of Israel and the people of Israel. They are friends of Canada.”

Olmert, who led Israel from 2006 to 2009 and pursued peace talks with Palestinians, accused Netanyahu of distorting Israel’s image abroad and prolonging the Gaza war to maintain his governing coalition. He noted that most Israelis, along with senior military commanders, now favor ending the conflict through negotiations.

The former prime minister also defended Carney’s stance on a two-state solution, calling it both realistic and necessary. He warned that Netanyahu’s rhetoric risks alienating allies and misrepresenting Israel’s true voice — one of a divided but democratic society seeking peace.

Olmert’s intervention highlights growing fractures within Israel’s political landscape and underscores Canada’s evolving role in pressing for a diplomatic resolution to the conflict.

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