Bank of Canada holds key interest rate at 2.75%

Hard Numbers: BoC warily holds rates, Canada lobbies China for tariff relief, Trump gives borderlands to the Army, Global growth forecasts fall, Major League Baseball struggles to attract Black talent

2.75: Canada’s central bank held its key interest rate steady at 2.75% this week, ending a streak of seven consecutive cuts. Despite concerns about a slowing Canadian economy, and a lower-than-expected inflation reading earlier this week, the regulator opted not to cut rates due to massive uncertainty about the extent and impact of Donald Trump’s tariffs. 100 and 25: Canadian industries are busy lobbying one of the world’s largest economies for …

Bank of Canada holds key interest rate following seven consecutive cuts

The Bank of Canada’s decision to hold its interest rate is largely due to the uncertainty with tariffs imposed by the United States.

Lacking clarity on U.S. trade, Bank of Canada keeps 'powder dry' with rate hold

OTTAWA — The Bank of Canada doesn't know quite yet how to navigate monetary policy amid constantly shifting trade turbulence with the United States, so the central bank kept its powder dry with an interest rate hold on Wednesday.

US tariffs could trigger deep recession - Bank of Canada

Bank of Canada on Wednesday said inflation in Canada would spike and the country would enter a deep recession if US tariffs trigger a global trade war. The central bank, while citing the high level of uncertainty, did not issue its regular quarterly economic forecasts. The apex bank instead provided two scenarios as to what might happen. DAILY POST reports that in the first scenario, most tariffs are negotiated away, and Canadian and global grow…

Bank of Canada holds key interest rate at 2.75% in close-call decision amid Trump tariff uncertainty

Bank of Canada governor Tiff Macklem emphasized that the bank cannot undo the devastating impacts of a trade war and it needs to keep inflation under control.

Bank of Canada holds rates but ‘ready to move if needed’

Bank keeps policy rate at 2.75%, its first pause after seven consecutive cuts