Bank of Canada Holds Rates Steady, Warns of Trade and Geopolitical Risks

The Bank of Canada maintained interest rates for the seventh straight meeting while highlighting inflation risks stemming from international trade tensions, U.S. tariff disputes, and conflict in Iran.

• The Bank of Canada kept interest rates steady for a seventh consecutive meeting.
• The bank pointed to trade war escalation and Iran conflict risks as primary inflation drivers.
• Bank of Canada is set to hold borrowing costs steady.
• Trade war with the US creates new dilemmas for Governor Tiff Macklem.
• The Bank of Canada held its interest rate steady.
• Policymakers are factoring potential U.S. tariff disputes into their economic outlook.