Bank of Canada holds key rate steady
Digest more
The central bank warned of uncertainty in the economy, including the outcome of Washington’s review of the USMCA.
The Bank of Canada kept its benchmark interest rate steady on Wednesday and offered little guidance about where monetary policy will go next as U.S. protectionism continues to reshape the Canadian economy. As widely anticipated, the bank’s governing council kept the policy rate at 2.25 per cent, where it has been since October.