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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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Robert Redford, Screen Icon and Champion of Independent Film, Dies at 89

 

Robert Redford accepts an honorary Oscar during the 74th annual Academy Awards in Hollywood, March 24, 2002.

Robert Redford, the Oscar-winning actor, director, and founder of the Sundance Film Festival, has died at the age of 89 at his home in the mountains of Utah, surrounded by loved ones. His publicist confirmed he passed away in his sleep; no cause of death was disclosed.

Born in Santa Monica, California, in 1936, Redford began his career on stage before breaking into film with Barefoot in the Park (1967) alongside Jane Fonda. He became a global star with Butch Cassidy and the Sundance Kid (1969) and The Sting (1973), both opposite Paul Newman. His magnetic screen presence and versatility carried him through acclaimed roles in The Way We Were, All the President’s Men, and Out of Africa.

In 1980, Redford made his directorial debut with Ordinary People, winning the Academy Award for Best Director. Beyond Hollywood, he transformed the landscape for independent cinema by founding the Sundance Institute and its world-renowned film festival, nurturing generations of filmmakers.

Redford retired from acting in 2018 after The Old Man & the Gun, leaving behind a legacy of artistry, activism, and innovation that reshaped American film. Tributes from across the entertainment world hail him as a visionary whose influence will endure for decades.

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