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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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Wall Street Slips as U.S. Shutdown and Weak Jobs Data Rattle Markets

 


U.S. stock futures fell Wednesday as investors reacted to the federal government’s first shutdown in seven years and a surprise decline in private-sector employment.

Futures tied to the Dow Jones Industrial Average slipped about 0.2%, while contracts on the S&P 500 and Nasdaq 100 each dropped around 0.4%. The downturn comes just a day after Wall Street closed out its strongest third quarter since 2020.

The shutdown, triggered by a failed spending deal in Congress, has forced hundreds of thousands of federal workers off the job and raised concerns about delayed economic data releases. The Bureau of Labor Statistics, for example, is expected to halt operations, likely postponing Friday’s nonfarm payrolls report.

Adding to the unease, payroll processor ADP reported that private employers unexpectedly cut 32,000 jobs in September, missing forecasts for a gain of more than 50,000. Losses were concentrated in hospitality and other service industries.

Analysts warn that the combination of political gridlock and weakening labor momentum could weigh heavily on growth if the shutdown drags on. Investors are now watching closely for signs of how long the impasse may last — and how the Federal Reserve will respond with its next policy moves.


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