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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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GTA under winter weather travel advisory with storm expected to dump up to 10 cm of snow

 

The Greater Toronto Area (GTA) is under a winter weather travel advisory as a storm is expected to dump up to 10 cm of snow. 

Environment Canada has issued travel advisories for nearly the whole Golden Horseshoe, with snow expected to start falling in the late afternoon or early evening. Winds of up to 70 km/h mixed with the falling snow could significantly reduce visibility for drivers. 

The snow is expected to transition to rain later tonight or early Saturday morning as temperatures rise above freezing. The TTC says it will deploy extra employees and maintenance vehicles through the transit system to spread salt, clear snow from surfaces, and keep signals, switches and overhead power operating in the event of the storm on Friday.

 

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