Bank of Canada Keeps Interest Rate Steady Amid Rising Economic Risks

The Bank of Canada held its key interest rate steady at 2.25% as it warned about increasing risks to inflation and economic growth.

In a statement, the bank noted that despite some positive signs in the economy, there are still significant uncertainties surrounding global trade tensions and the impact on Canadian businesses.

The decision was announced by Bank of Canada Governor Mark Carney, who also expressed concerns about the potential for higher interest rates to have a negative impact on the economy.