Bank of Canada Holds Rate Steady Amid Trade War Fears

The Bank of Canada has maintained its key interest rate at 2.25% for the seventh consecutive time, citing ongoing global tensions and the trade war as factors in its decision.

This move comes amidst escalating tensions in the Middle East and a prolonged trade conflict between major world powers.

The bank's rate-setting committee has held steady on interest rates multiple times this year, with this latest decision marking the seventh consecutive time it has done so.