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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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Alberta Government Signals Possible Back-to-Work Order Amid Ongoing Teachers’ Strike

            Alberta Premier Danielle Smith provides an update on teacher bargaining in Calgary, on Friday, Oct. 17, 2025.

The Alberta government is preparing legislation that could force striking teachers back into classrooms as early as next week if no deal is reached with the Alberta Teachers’ Association (ATA). The strike, now entering its third week, has left thousands of students without instruction and disrupted key academic milestones, including Grade 12 exams and extracurricular activities.

Government house leader Joseph Schow indicated that cabinet is weighing back-to-work legislation, though no final decision has been announced. Premier Danielle Smith has previously stated that “kids belong in the classroom” and suggested her government is willing to act if negotiations remain stalled.

The ATA, representing more than 50,000 teachers, has rejected recent government proposals, citing unresolved issues around class sizes, wages, and supports for increasingly complex classrooms. Union leaders argue that legislating teachers back to work without addressing these concerns would only deepen tensions.

Parents and students, particularly those in Grade 12, have voiced growing anxiety over the uncertainty. Some worry about the impact on post-secondary admissions and the loss of critical learning time.

As the legislature reconvenes later this week, all eyes will be on whether the government follows through with a back-to-work order or if a last-minute breakthrough can bring an end to the provincewide disruption.


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