Bank of Canada Holds Key Interest Rate Steady at 2.25 per Cent in Soft Economy

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Le Journal de Quebec

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24heures.ca

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Lean Left

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The Bank of Canada (BdC) again opted for the status quo on Wednesday, maintaining its policy rate at 2.25%.

Le Devoir

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The economy continues to adjust to U.S. tariffs and GDP growth is expected to be modest, she notes.

EnBeauce.com

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For the second time, the Bank of Canada announced today that it is keeping the target rate of overnight financing at 2.25%. Similarly, the official discount rate remains at 2.5%, and the rate of return on deposits at 2.20%.

CNN Brasil

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The Bank of Canada (BoC) remained unchanged by the basic interest rate at 2.25% per year. The movement repeated the previous meeting in December when the institution maintained the unchanged interest rates. However, the BC warned that the outlook is vulnerable to the unforeseen commercial policies of the United States and geopolitical risks. BoC further stated that US trade restrictions and uncertainty continue to undermine growth in Canada, whi…