2.25% — That's where the Bank of Canada's overnight rate is expected to sit when Governor Tiff Macklem announces Wednesday's decision. It would mark the sixth consecutive hold since the central bank parked rates in neutral territory, stuck between a sluggish economy and inflation that won't quit. The culprit? A one-two punch of Middle East chaos and US trade uncertainty.

Money Moves

• BoC stuck in policy purgatory — Economists at Oxford Economics...