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Bank of Canada Holds Interest Rate Steady Amid Global Uncertainty

Guavy AI Editorial Team
Instruments
CAD
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The Bank of Canada maintained its policy interest rate at 2.25% on Wednesday.

The bank cited high energy prices due to the ongoing conflict in the Middle East and new U.S. tariffs as factors contributing to this decision.

Canadian economic growth has been solid, driven by consumer spending and investment in AI-related technologies.

However, the global economy faces uncertainty with high oil prices and elevated refinery margins posing risks to inflation.

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