Bank of Canada Keeps Rate Steady Amid Trade Dispute Risks
The Bank of Canada kept its key policy rate at 2.25% on Wednesday, as widely expected.
However, the central bank stated that the risks to inflation have grown due to new U.S. tariffs, which could hurt business and consumer sentiment.
The economy rebounded at an annualized rate of 3.3% in the second quarter, but now faces competing risks from the escalating trade dispute.