See every side of every news story
Published loading...Updated

Bank of Canada holds interest rate for third time at 2.75%

CANADA, JUL 30 – The Bank of Canada paused rates at 2.75% due to trade tensions and inflation near target, with future cuts possible if economic weakness persists, economists say.

  • The Bank of Canada held its key policy interest rate steady at 2.75% for the third consecutive time on Wednesday in Ottawa.
  • The decision follows ongoing uncertainty over U.S. tariffs and trade talks ahead of the August 1 deadline, which have weighed on the Bank's outlook.
  • Core inflation remains elevated near 2.5%, the economy added 83,100 jobs in June, and the Bank reported a widening output gap between-1.5% and-0.5%.
  • Douglas Porter indicated that the Bank finds it acceptable to keep interest rates steady at 2.75%, which represents the midpoint of its neutral range, while staying open to the possibility of reducing rates in the future.
  • The Bank is monitoring trade developments closely and stated that economic data will guide any future policy changes, with rate cuts possible if inflation pressures ease and the economy weakens.
Insights by Ground AI
Does this summary seem wrong?

65 Articles

KAKE NewsKAKE News
+37 Reposted by 37 other sources
Center

Canada central bank holds rate steady citing US tariff 'threats'

Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 46% of the sources are Center
46% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

La Presse broke the news in Montreal, Canada on Wednesday, July 30, 2025.
Sources are mostly out of (0)