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Canada Lifts Terror Designation on Syria’s Transitional Government

Syria’s interim President Ahmad al-Sharaa speaks at a joint news conference with French President Emmanuel Macron after their meeting at the Élysée Palace in Paris on Wednesday, May 7, 2025. Canada has announced a significant policy shift by removing Syria and its interim governing group from its terrorism-related sanctions lists . The decision comes nearly a year after the ouster of former Syrian president Bashar al-Assad, whose regime had been designated as a state sponsor of terrorism since 2012. Key Developments Syria delisted : Ottawa has officially taken Syria off its list of foreign state supporters of terrorism. HTS removed : Hay’at Tahrir al-Sham (HTS), the Islamist-led faction that assumed control after Assad’s fall, has also been removed from Canada’s list of terrorist entities under the Criminal Code. Government stance : Canadian ministers emphasized that the move was made after extensive consultations with international allies and is intended to encourage Syria’s tra...
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Canada’s Inflation Climbs to 2.4% in September, Driven by Food and Fuel

 

National Bank economists Taylor Schleich and Ethan Currie wrote that unless recent inflation trends were “totally derailed/recast” by today’s data, the Bank of Canada is likely to cut interest rates again at its October 29 announcement.


Canada’s annual inflation rate accelerated to 2.4% in September, up from 1.9% in August, according to the latest data from Statistics Canada. The increase was slightly higher than economists’ expectations of 2.2%, signaling renewed pressure on household budgets.

The uptick was largely fueled by grocery prices, which rose 4% year-over-year, and a smaller-than-expected decline in gasoline prices, which pushed the overall Consumer Price Index higher. Shelter costs also climbed 2.6%, while transportation rose 1.5%.

Economists note that while inflation remains within the Bank of Canada’s target range of 1–3%, the upward trend could complicate the central bank’s upcoming policy decision later this month. Markets are closely watching whether the bank will proceed with another rate cut or hold steady in light of the new figures.

For Canadian households, the latest numbers highlight the ongoing challenge of balancing rising food and housing costs against modest wage growth.


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