Bank of Canada holds rate at 2.25%, warns on US-Canada trade risk
Bank of Canada left its main interest rate unchanged at 2.25%. It warned that escalating US-Canada trade conflict could stifle a nascent rebound and add to inflation.
By Paul Vieira OTTAWA--The Bank of Canada on Wednesday kept its main interest rate at 2.25% and said the worsening trade conflict between the U.S. and Canada could curb an early recovery and add to inflation. Economists say the central bank is also worried that higher energy prices could weigh on the outlook.