Bank of Canada Stands Pat Amid US Trade Turmoil
The Bank of Canada has maintained its overnight lending rate at 2.25% amid ongoing trade tensions between Canada and the United States.
The decision was expected by many, given the stalled US trade talks and the potential impact on the Canadian economy.
Bank of Canada Governor Tiff Macklem stated that US tariffs are likely to hit targeted sectors 'hard', highlighting the risks associated with a prolonged trade dispute.