Bank of Canada Holds Steady Amid Escalating Trade Tensions with US

The Bank of Canada has decided to keep its key overnight rate at 2.25% in response to escalating trade tensions between Washington and Ottawa.

This decision comes as policymakers weigh the impact of stalled trade talks on the Canadian economy, including potential tariffs that could affect certain sectors.

According to Marc Ercolao, an economist with TD Bank Group, the central bank is carefully monitoring the situation and its effects on the economy.