Bank of Canada Keeps Rate Steady Amid Rebounding Economy

The Bank of Canada has held its benchmark interest rate steady at 2.25 per cent for a seventh consecutive decision, marking no changes to monetary policy.

This move comes after widespread expectations that the central bank would remain on hold ahead of today's announcement.

Economic growth in Canada has shown signs of rebounding after stagnating for much of last year, while inflation rose to three per cent in July due to volatile gas prices resulting from the war in Iran.