Bank of Canada Holds Rates as Trade War, Inflation, and Housing Slowdown Cloud Outlook

2.25% — The Bank of Canada held its benchmark interest rate steady for the seventh consecutive decision on Wednesday, marking 11 months unchanged as the central bank navigates competing risks from trade war escalation and sticky inflation.

Money Moves

• Rate Hold Confirmed — Governor Tiff Macklem maintained the overnight rate at 2.25%, citing that "risks to inflation have increased" while U.S. tariffs and Canadian counter-tariffs create growth...