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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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                White House touts Trump’s ‘bold vision’ for towering Independence Arch for America 250.


A bold new monument proposal is stirring debate across the United States after Donald Trump announced his support for constructing a 250‑foot “Independence Arch” in Washington, D.C. The idea, which he described as a tribute to America’s upcoming 250th anniversary in 2026, would create one of the tallest commemorative structures in the capital—towering more than twice the height of the Lincoln Memorial.

According to reporting from multiple news outlets, the proposed arch would serve as a national symbol celebrating American history, unity, and resilience. Supporters argue that a new landmark could energize the nation’s semiquincentennial celebrations and boost tourism. Critics, however, question the cost, the timing, and the political motivations behind launching such a massive project during a period of economic strain and partisan tension.

The concept remains in its early stages, with no official design, budget, or construction plan released. Still, the announcement has already sparked conversations about how the United States should commemorate its 250 years—and whether a monumental arch is the right way to do it.


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