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Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa, Ontario, Canada April 16, 2025.

REUTERS/Blair Gable

Hard Numbers: BoC warily holds rates, Canada lobbies China for tariff relief, Trump gives borderlands to the Army, Global growth forecasts fall, Major League Baseball struggles to attract Black talent

2.75: Canada’s central bank held its key interest rate steady at 2.75% this week, ending a streak of seven consecutive cuts. Despite concerns about a slowing Canadian economy, and a lower-than-expected inflation reading earlier this week, the regulator opted not to cut rates due to massive uncertainty about the extent and impact of Donald Trump’s tariffs.

100 and 25: Canadian industries are busy lobbying one of the world’s largest economies for tariff relief — but, in this case, it’s not the US but China. The world’s number two economy last month slapped a 100% tariff on Canadian canola products and a 25% levy on pork and seafood. The move, which could cost some Canadian meat-processors more than $100 million this year, was made in retaliation for Ottawa’s tariffs on Chinese EVs.

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Ian Explains: What is Kamala Harris' foreign policy?

How would a Harris-Walz administration differ from a Biden-Harris White House? While the Vice President has had an integral role in policy decisions and high-level meetings and led many foreign delegations, there are more differences between the two than you might think, especially when it comes to foreign policy. On Ian Explains, Ian Bremmer breaks down Kamala Harris’ foreign policy experience, how her worldview differs from Biden’s, and what her administration might do differently in addressing some of the world’s most urgent crises. Harris’ approach to Russia’s invasion of Ukraine, China, and Israel-Palestine is informed by her experience as an attorney general. She emphasizes rule of law issues like ‘sovereignty’ over Biden’s ‘good vs evil’ framing of global politics. Harris could be vulnerable when it comes to immigration on the US southern border, a top concern for voters ahead of the US election. But polls show Harris virtually tied with Donald Trump, and four in 10 Americans say they’d trust either candidate to handle a crisis or stand up to an adversary. It’s a marked increase for Democrats since Biden dropped out of the race and a sign voters already see Kamala as a distinct candidate from her predecessor.

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The Graphic Truth: Who's arriving at the US-Mex border

Despite a recent dip, migrant arrivals at the US-Mexico border have surged over the past 10 months, driven by economic hardship, violence, and the perception that President Biden would be more welcoming to migrants than his predecessor. Most of those coming to the US from the South hail from Mexico, but a large number have also fled violence and poverty in Honduras, Guatemala, and El Salvador. We take a look at migration patterns from Central America in 2021 compared to 2020.

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