Bank of Canada Holds Rates; Warns on Trade, Geopolitical Risks
Bank of Canada Holds Rates; Warns on Trade, Geopolitical Risks
The Bank of Canada held its key overnight lending rate unchanged at 2.25% on Wednesday, maintaining borrowing costs for the second consecutive time as it warned on “unpredictable U.S. trade policies and geopolitical risks.”
While the Bank said the overall outlook for the Canadian economy is little changed from its October Monetary Policy Report, it emphasized that uncertainty remains elevated, particularly around US trade policy and the upcoming review of the Canada–United States–Mexico Agreemen
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