Bank of Canada Braces for Trade War Fallout in Rate Decision

The Bank of Canada is set to grapple with renewed trade war pressures in its upcoming rate decision, according to CTV News. The central bank's Monetary Policy Report, released last week, highlighted concerns over the potential impact of a new wave of tariffs on Canadian economic growth.

While the Bank of Canada has maintained that inflation remains under control, it acknowledged the uncertainty surrounding trade policies and their effect on the economy. The report stated that 'trade policy developments' pose a risk to the country's outlook.