Bank of Canada Holds Key Interest Rate Steady at 2.75% in Face of Changing U.S. Trade Policy

Bank of Canada looking for more certainty from U.S. before cutting rates

The Bank of Canada is waiting for more information from the U.S. on the trade landscape before moving on interest rates. What if it never comes?

Bank of Canada Keeps Interest Rates Steady at 2.75 Percent

OTTAWA—The Bank of Canada has maintained its key interest rate at 2.75 percent for the second time in a row, saying uncertainty around tariffs remains high but that Canada’s economic growth was slightly higher than expected in the first quarter of the year. “Uncertainty remains high, the Canadian economy is softer but not sharply weaker, and we’ve seen some firmness in recent inflation data,” said Bank of Canada Governor Tiff Macklem on June 4. …

Bank of Canada holds key interest rate steady at 2.75% in face of changing U.S. trade policy

Governor Tiff Macklem says that there was “clear consensus” to hold the policy rate

Canada central bank holds key rate at 2.75% amid tariff jitters

Read: 2 minCanada’s central bank on Wednesday held its key lending rate at 2.75 per cent, saying it needed to be cautious in its monetary policy amid continued uncertainty caused by President Donald Trump’s trade war.“With uncertainty about U.S. tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, [the bank’s] Governing Council decided to hold the policy rate as we gain mo…