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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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Retail Shake‑Up: Toys “R” Us Hit by Store Closures Amid Rent Disputes

 


Toys “R” Us is facing a new wave of store closures as landlords across Canada claim the retailer has fallen behind on rent payments. Several property owners have filed legal actions alleging significant unpaid balances, adding pressure to a brand that has already spent years fighting to regain stability in a changing retail landscape.

Multiple locations in provinces such as Ontario, New Brunswick, and British Columbia have recently shut their doors after lease terminations tied to overdue rent. In some cases, stores were closed abruptly, leaving fully stocked spaces locked and inaccessible to customers. The closures mark another setback for the company as it navigates rising operational costs, increased competition, and the ongoing shift toward online shopping.

The financial strain has accelerated a broader contraction of the chain’s physical footprint. Once a dominant force in the toy industry, Toys “R” Us now faces the challenge of rebuilding trust with landlords while attempting to modernize its business model and maintain relevance with today’s consumers.


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