Uncertainty With US Causes Bank of Canada to Keep Rates Unchanged

Today, Governing Council held the policy interest rate at two and three quarters percent. This decision reflects three main considerations. First, uncertainty about U.S. tariffs on Canada is still high.Discussions between Canada and the United States are ongoing, and U.S. policy remains unpredictable. Second. While U.S. tariffs are disrupting trade, so far, Canada's economy is showing some resilience.And third, inflation is close to our 2% target. But we see evidence of underlying inflation pressures. U.S. ...