Sep 17, 2025 5:50 PM - Connect Newsroom
Bank of Canada cuts interest rates by 25 basis points
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Bank of Canada to put the interest rate cut cycle on hold to assess their impact on the economy and consumer prices.(Photo- The Canadian Press)
The Bank of Canada announced its interest rate decision on Wednesday, cutting its benchmark rate by 25 basis points, bringing it to 2.50 per cent.
The central bank had kept it steady at 2.75 per cent since March 2025 after cutting rates seven times as US President Donald Trump's tariffs took effect, prompting the Bank of Canada to put the interest rate cut cycle on hold to assess their impact on the economy and consumer prices.
The central bank's latest interest rate cut is a relief move for Canadian homebuyers, especially variable-rate mortgage holders who will benefit immediately, reducing their monthly payments.
Variable mortgage rates are directly linked to the Bank of Canada's policy rate. The central bank's overnight rate cut also brought the deposit rate to 2.45 percent.
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CanadaSep 17, 2025
Details coming soon on gun buyback program: minister
The public safety minister says details on the Liberal government’s gun buyback program will be released within the next couple of weeks.
Gary Anandasangaree says the government will provide information on next steps and the mechanics of the program very soon.
Anandasangaree says he is confident collection facilities will be available in Ontario even though the Ontario Provincial Police has said they won’t directly participate in the program.
He says other police have already signed on though he did not say which ones.
During the spring federal election, the Liberals promised to implement
BCSep 17, 2025
Police investigating another prowler incident
The Nanaimo RCMP continues to investigate several reports of a prowler in residential neighbourhoods throughout central and south Nanaimo.
In the early morning hours of September 16, 2025, a resident returned home to find an unknown male standing on the patio of their ground floor apartment looking into the windows. The male fled prior to police arrival and was not located.
“These incidents continue to be priority files as they are causing concern in our community,” said R/Cst Gary O’Brien of the Nanaimo RCMP. Patrol officers have increased their presence in the affected areas and inve
CanadaSep 17, 2025
Ontario premier urges Carney to maintain tariff on Chinese EVs despite canola levy
Ontario Premier Doug Ford is calling on Prime Minister Mark Carney to maintain Canada's 100 per cent tariff on Chinese electric vehicles, saying the measure is critical to securing a trade deal with the U.S. and protecting Canada's auto sector.
Carney met with Saskatchewan Premier Scott Moe yesterday to talk about China's canola tariffs, which are largely seen as a retaliatory measure triggered by the electric vehicle tariff.
China charges a 76 per cent tariff on Canadian canola seed imports and a 100 per cent tariff on canola oil, meal and peas.
Ford's open letter to the prime minister, relea
BCSep 17, 2025
Police investigating homicide on Spruce Street
Prince George RCMP is currently investigating a homicide that occurred on September 16, 2025, on the 1900-block of Spruce Street.
“The initial call to Frontline Police officers was received around 3:30 a.m. Investigators attended a residence on Spruce Street to find one person deceased and a second person suffering from gun shot wounds. Multiple people in the residence were detained during the investigation and were subsequently released without charge,” states Corporal Jennifer Cooper, Media Relations Officer for the Prince George RCMP.
Police believe this to be a targeted event with
WorldSep 17, 2025
Shahbaz Sharif may meet President Donald Trump during his visit to the US next week
Pakistan Prime Minister Shahbaz Sharif may meet President Donald Trump during his visit to the US next week to attend the UN General Assembly session. Pakistani media outlets have quoted sources as saying that the meeting between Shahbaz Sharif and Trump is expected to take place on September 25. The meeting may take place on the sidelines of the UN General Assembly session in New York.
Pakistan's Army Chief Field Marshal Asim Munir is also likely to attend the meeting. This possible meeting is taking place after the growing diplomatic relations between the US and Pakistan in 2025. Earlier
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