Bank of Canada holds policy rate at 2.25%, warns tariffs cloud growth
Bank of Canada kept its key policy rate on hold at 2.25%. It said risks to inflation have grown and new U.S. tariffs make growth prospects more uncertain; the rate has been unchanged for 11 months.
By Promit Mukherjee and David LjunggrenThe Bank of Canada kept its key policy rate on hold at 2.25% on Wednesday, as widely expected, but said the risks to inflation had grown while new U.S. tariffs made growth prospects more uncertain.The benchmark rate has now been unchanged for 11 months, even a…