Economists had widely expected the central bank to hold off on changing the lending rate.
Economists widely expected the central bank to hold off on changing the lending rate
CBC News ·
The Bank of Canada released its interest rate decision today, holding it steady at 2.75%. (Adrian Wyld/The Canadian Press)
The Bank of Canada held their interest rate at 2.75 per cent on Wednesday — a move in line with what economists were predicting ahead of the decision.
The central bank says the Canadian economy is showing signs of resilience in the face of tariffs from the United States, but U.S. trade policy remains unpredictable.
This comes after the central bank chose to hold rates in April and June, citing global tariff uncertainty.
