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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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Ted Cruz Denounces FCC Threats, Defends Free Speech in Rare GOP Split

 

 woman holds a sign during a protest outside Disneyland, after Jimmy Kimmel's late-night talk show was suspended for remarks he made regarding Charlie Kirk's assassination, in Anaheim, California.


In a striking departure from party lines, Senator Ted Cruz has publicly condemned recent threats by Federal Communications Commission (FCC) Chair Brendan Carr against U.S. broadcasters, calling the actions “dangerous as hell” and likening them to mafia-style intimidation.

Carr, appointed by President Donald Trump, had threatened regulatory action—including fines and license revocations—against networks airing “Jimmy Kimmel Live” following the host’s controversial monologue about the assassination of conservative activist Charlie Kirk. ABC, owned by Disney, subsequently suspended the show, and several local affiliates dropped it altogether.

Cruz, who chairs the Senate Commerce Committee overseeing the FCC, joined Democrats and civil rights groups in criticizing Carr’s remarks. On his podcast, Cruz mocked Carr’s tone, saying it resembled a gangster from Goodfellas: “Nice bar you have here. It would be a shame if something happened to it”.

The senator’s rebuke underscores growing bipartisan concern over government overreach and threats to free speech. “We shouldn’t be threatening government power to force him off air,” Cruz warned. “It might feel good right now to threaten Jimmy Kimmel, but when it is used to silence every conservative in America, we will regret it”.

President Trump, however, defended Carr and reiterated his belief that critical broadcasters act as extensions of the Democratic Party, suggesting their licenses should be reconsidered.

Cruz’s stance marks a rare moment of dissent within Republican ranks, spotlighting the tension between party loyalty and constitutional principles.

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