Bank of Canada Holds Key Rate Amid Global Uncertainty

The Bank of Canada has decided to hold its benchmark interest rate at 2.25%, as it continues to monitor the economic landscape amidst new U.S. tariffs and ongoing global tensions.

This decision comes after the central bank last raised the rate in January, with the aim of keeping inflation under control.

The Bank of Canada's outlook is being clouded by concerns over the impact of U.S. tariffs on Canadian industries, as well as the escalating conflict in Iran.