Bank of Canada Pauses Monetary Policy Amid Complex Economic Landscape

The Bank of Canada has paused its monetary policy, maintaining a 2.25% policy rate as it navigates a complex economic landscape.

The central bank assesses that its current stance is appropriately calibrated to balance competing forces within the economy, including a weaker growth environment and persistent excess supply.

Headline inflation has been temporarily elevated by energy prices, but underlying core measures remain contained in their trend at 2.05% average.