Bank of Canada Holds Key Interest Rate Amid Trade War

The Bank of Canada has held its key interest rate steady at 2.25 per cent for the seventh consecutive time, citing ongoing global tensions in the Middle East and the trade war.

This decision was made amid a trade war between Canada and the United States, which is affecting the economy.

The Bank of Canada's move comes as U.S. Treasury Secretary Scott Bessent claimed that Prime Minister Mark Carney rejected the Trump administration's trade deal over 'political motives.'