World Report September 16: Tuesday's top stories in 10 minutes
7 snips
Sep 16, 2025 The UN's inquiry accuses Israel of genocide in Gaza, sparking strong denials from Israel. Meanwhile, Netanyahu announces a new phase in military operations. Inflation data is on the horizon in Canada, which could impact interest rates. A U.S. court rules against Trump’s attempt to intervene in Federal Reserve governance. On the cultural front, the Polaris Music Prize will be awarded tonight, despite a smaller cash prize this year. Plus, Canada debates a major $20 billion submarine deal amid burgeoning job creation.
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Submarine Decision Hinges On Jobs
- Canada will weigh German and South Korean submarine bids mainly by which creates the most Canadian jobs.
- Ottawa aims to use the $20 billion purchase to stimulate domestic industry and reduce U.S. reliance.
Make Procurement Faster And Nimbler
- Speed up and centralize procurement to get defence dollars flowing quickly and boost economic benefits.
- Make the procurement process more agile and accept some risk to avoid delays, per experts.
Inflation Signal Before Bank Decision
- Economists expect August inflation to tick up but remain below 2%, keeping pressure on the Bank of Canada.
- Core inflation excluding volatile energy may still exceed 2% and will guide the central bank's rate decision.