Bank of Canada holds rate at 2.25% on higher inflation risks
Bank of Canada kept its main interest rate unchanged at 2.25% and turned more alarmed on upside inflation risks, citing new cross-border tariffs and no imminent end to the war in the Middle East.
By Paul VieiraOTTAWA--The Bank of Canada left its main interest rate unchanged at 2.25% and adopted a more alarmed tone about the upside risks to inflation amid new cross-border tariffs and no imminent end to the war in the Middle East.Bank of Canada Gov.
Tiff Macklem said Wednesday that a sharp de…