Bank Holds Interest Rate Steady Amid Global Uncertainty

The Bank of Canada has decided to maintain its key interest rate at 2.25% for the seventh time in a row, as uncertainty surrounding the US trade war and conflict in the Middle East continues.

This move is seen as a cautious approach by the bank, which is trying to balance the impact of external factors on Canada's economy. The interest rate has been at 2.25% since October last year.

The Bank of Canada's decision comes amidst ongoing tensions between the US and its trading partners, including Iran. The uncertainty surrounding these conflicts is affecting global markets and economies.