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Bank of Canada holds key interest rate at 2.25%
Policymakers cited tariff uncertainty and inflation risks as they left borrowing costs unchanged, while the economy posted 3.3% growth in the second quarter.
- On Wednesday, Canada's central bank held its benchmark interest rate steady at 2.25 per cent, continuing its hold on the policy rate for a seventh consecutive meeting.
- Policymakers cited uncertainty from a fresh trade war outbreak with the United States, which threatens economic recovery and raises risks of higher inflation.
- Inflation rose in July following volatile gas prices driven by the war in Iran, though economic growth has shown signs of rebounding after stagnating for much of last year.
- Tiff Macklem and Carolyn Rogers will discuss the decision at a morning press conference before the next rate announcement scheduled for late Oct.
- Economists widely anticipated the hold, as The Bank has remained on the sidelines since late last year while policymakers wait to assess how new tariffs will affect growth and inflation.
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54 Articles
54 Articles
Le Journal de MontrealReposted by 
Le Journal de Quebec
Le Journal de QuebecThe Bank of Canada has chosen Wednesday to maintain its policy rate at 2.25% for the seventh time in a row.
·Montreal, Canada
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Newmarket TodayReposted by 
Guelph Today
Guelph TodayBank of Canada holds key rate at 2.25% as tariffs, Iran war cloud outlook
OTTAWA — The Bank of Canada held its benchmark interest rate steady again on Wednesday as new U.S. tariffs and the ongoing war in Iran cloud the central bank's outlook. The Bank of Canada's policy rate remains at 2.
·Orillia, Canada
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Coverage Details
Total News Sources54
Leaning Left23Leaning Right3Center12Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 32%
Factuality
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