Core Viewpoint - The Bank of Canada has decided to maintain its benchmark interest rate at 2.25%, citing ongoing trade restrictions and uncertainties from the U.S. as disruptive factors for Canadian economic growth [1]. Economic Growth - The Bank of Canada forecasts economic growth rates of 1.1% for 2026 and 1.5% for 2027, indicating a cautious outlook for the Canadian economy [1]. Inflation Expectations - The projected inflation rate for Canada in 2025 is 2.1%, with expectations that inflation will remain close to the target level of 2% in the near future [1]. Structural Challenges - The Governor of the Bank of Canada, Tiff Macklem, noted that the Canadian economy is adapting to structural challenges posed by U.S. protectionism [1]. Trade Agreements - The upcoming review of the "United States-Mexico-Canada Agreement" (USMCA) is highlighted as a significant risk facing the Canadian economy [1].