Economy
Bank of Canada holds key rate steady amid trade war
Apr 16, 2025 | 4:48 PM
Bank of Canada is hitting pause after seven straight interest rate cuts as it grapples with global trade uncertainty.
The central bank held its benchmark interest rate steady at 2.75 per cent today, the first time it has foregone a cut since last June.
Governor Tiff Macklem says the Bank of Canada kept the key rate unchanged to give the central bank more time to see how the U.S. tariff situation will impact the economy.
The Bank of Canada is also laying out a pair of economic scenarios for how that uncertainty could evolve.
