Bank of Canada interest rate Announcement
The Bank of Canada held its benchmark interest rate steady at 2.25 per cent as the war in the Middle East adds a new layer of uncertainty to its outlook.
Governor Tiff Macklem says in prepared remarks that the Bank of Canada is in a “dilemma” with U.S. trade uncertainty keeping the economy soft but the Iran war sending global oil prices surging and likely spurring higher inflation in the months to come.
Governor Tiff Macklem says in prepared remarks that the Bank of Canada is in a “dilemma” with U.S. trade uncertainty keeping the economy soft but the Iran war sending global oil prices surging and likely spurring higher inflation in the months to come.
