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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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AI Momentum Lifts Wall Street as AMD Surges on OpenAI Deal

Wall Street futures pointed to a higher open on Monday, fueled by renewed enthusiasm for artificial intelligence. Advanced Micro Devices (AMD) led the charge, with shares soaring more than 30% in premarket trading after announcing a major chip-supply partnership with OpenAI.

The deal positions AMD as a key player in powering next-generation AI infrastructure, sparking optimism across the tech sector. Futures tied to the Nasdaq 100 climbed nearly 1%, while S&P 500 and Dow futures also advanced, extending last week’s rally.

The upbeat sentiment comes despite ongoing concerns over the prolonged U.S. government shutdown, which has delayed key economic data releases. Investors are now looking ahead to the upcoming earnings season and the Federal Reserve’s next policy decision, with expectations of a potential rate cut.

Beyond AMD, crypto-related stocks gained as bitcoin hovered near record highs, while Tesla shares rose after teasing a new event. Analysts caution, however, that elevated valuations in the tech sector could test the durability of the AI-driven rally.



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