Bank of Canada holds overnight rate target at 2.25%
Bank of Canada held its target for the overnight rate at 2.25%. Bank Rate is 2.5% and deposit rate is 2.20%, per the Wednesday statement.
The Bank of Canada released the following statement on Wednesday:"The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%."The continuing conflict in the Middle East is keeping energy prices high.
As well, new US tariffs and…