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Canada Holds Steady: Interest Rate Pause Signals Cautious Confidence

                      The Bank of Canada also held its policy rate at its last scheduled rate announcement in December. The Bank of Canada has opted to keep its key interest rate at 2.25% , a move that underscores a careful balancing act as the country approaches a pivotal moment in North American trade relations. With CUSMA (the Canada‑United States‑Mexico Agreement) negotiations on the horizon, policymakers appear intent on maintaining stability while assessing potential economic turbulence. The decision reflects a mix of optimism and prudence. Inflation has been easing gradually, giving the central bank some breathing room. At the same time, global economic uncertainty and the high stakes of upcoming trade talks mean officials are reluctant to introduce new variables into the financial system. By holding the rate steady, the Bank of Canada signals confidence in the economy’s underlying resilience while acknowledgin...
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Mild Quake Rattles Southern Ontario, Residents Report Sudden Shaking

Earthquakes Canada confirmed a 3.7 magnitude quake struck Ramara, located 23 km east of Orillia and about 100 km north of Toronto. The quake occurred at a depth of 5 kilometres.

A magnitude 3.7 earthquake briefly shook parts of Southern Ontario early this morning, giving residents an unexpected jolt but causing no reported damage. The quake, centred near Lake Erie, was strong enough to be felt across several communities, including Hamilton, St. Catharines, London, and parts of the Greater Toronto Area.

Many people described the sensation as a quick rumble or a single sharp jolt, with some reporting that their windows rattled or furniture shifted slightly. Despite the surprise, seismologists note that small earthquakes like this are not unusual in the region, which sits near several minor fault lines.

Emergency services confirmed they received a handful of calls from concerned residents but emphasized that there were no injuries or structural issues. Experts say aftershocks are unlikely, and the event serves as a reminder that even low-risk areas can experience occasional seismic activity.


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