Bank of Canada Holds Interest Rates Steady Amid Trade War Tensions

The Bank of Canada held interest rates steady at 2.25 per cent on September 2, 2026, amidst growing trade tensions between Canada and the United States.

Sr. Business Analyst Mike Eppel explained that this decision was likely made to stabilize the economy in the face of rising uncertainty caused by the ongoing trade war.

Eppel emphasized that the Bank of Canada's primary goal is to maintain low inflation, which has been a significant concern for the Canadian economy.